Nexa Card Terms

Last updated:
January 31st, 2025

These Nexa Card Terms (the "Card Terms") are a binding agreement between you ("you", or "your"), Nexa, and Issuer, including its affiliates, successors, and assigns ("Issuer," "we", "us", or "our") that govern your use of the Nexa Cards, including the process for obtaining and managing Nexa Cards, access to which is provided to you by ("Nexa").

Important Disclosures

Rates, fees, and other important information about your Nexa Card ("Card") are set forth in these Important Disclosures.

Effective as of 2025-01-09

Interest Rates and Interest Charges 0%

Annual Percentage Rate (APR) for Purchases 0%

Your Nexa Card is currently Zero 0 % interest on all purchases. Issuer and Nexa reserve the right to implement interest in the future, for new purchases. Nexa will disclose any changes to this agreement prior to the introduction of interest and other charges associated with your Nexa Card.

Fees

Transaction Fee up to 1$

Foreign Purchases

– Foreign Exchange Fee (non USD): up to 3%

– Cross Border Fee: up to 3%

Penalty Fees

– Late payment: Up to $40

– Returned payment: Up to $29

WHEN YOU APPLY FOR A CARD ACCOUNT, ACTIVATE A CARD, OR OTHERWISE PARTICIPATE IN THE PROGRAM IN ANY WAY, YOU REPRESENT THAT YOU HAVE READ, UNDERSTAND, AND AGREE TO THESE ISSUING TERMS.

Terms

Background :

The Nexa Card is provided to you on behalf of Nexa in connection with your status as Nexa client/customer/authorized user and pursuant to your separate User Agreement between you and Nexa (the "User Terms"). The Issuer is not a party to the Nexa User Terms and disclaims any liability for the performance of services covered therein.

Details on Nexa's collection, use, and handling of your personal data are described in our Privacy Policy. Please review it carefully and contact Nexa if you have any questions. By opening, using, or maintaining a Card, you consent to and direct Issuer to share information relating to transactions, including receipt information or other personal data, in order to deliver the Services.

Defined Terms

"Card Networks" means the payment card networks including Visa or Mastercard.

"Charge" means a payment for goods or services made to a merchant that accepts payments on the applicable Card Network.

"Chargeback" means a dispute that you initiate against a merchant for an unresolved dispute with the merchant or where a Charge is unauthorized.

"Fee" means charges we impose on you for use of Services or your use of a Nexa Card.

"Issuer" refers to the issuer of the card program. The issuer for this card program is Third National.

"Periodic Statement" means the periodic statements that reflect activity for all Cards issued to you identifying charges, fees, refunds, or other amounts owed or credited to your Nexa Account during the time covered by that statement.

Agreement

Accepting this Agreement & Eligibility

These Card Terms become effective and legally binding when you activate or create your Card by following the instructions on the Nexa platform. You and we agree to comply with, and be bound by, this entire agreement.

By using a Card you represent and warrant in your individual capacity that:

You are not a person who is blocked or sanctioned by the United States Government, including those identified by the United States Office of Foreign Asset Controls (OFAC).

You will use the Services exclusively for purposes permitted by these Card Terms.

All information you provide to us, either directly or through Partner, is and will be true, correct, and complete.

Spending Limit

Your spending limit is generally set by Nexa pursuant to the terms of the Nexa Terms. Issuer may additionally set spending limits on each Nexa Card or an aggregate spending limit across all Nexa Cards, at its sole discretion.

Purchases & Restrictions

The primary purpose of your Account is to facilitate corporate expenses and other corporate purchases. You may use your Account to purchase or lease goods or services by presenting your Card or providing to participating merchants your Card number and additional information.

You acknowledge and agree that you have read and understood the card prohibitions and that you will not engage in any such activities when using the Services or the Nexa Card.

Payments

5.1 Promise to Pay

While you will generally repay Nexa for amounts transacted with your Card, you also promise to pay Issuer or its assignees for all amounts charged to the Account not repaid by Partner, including all purchases, interest, and charges charged to your Account.

5.2 Periodic Statements

You are responsible for payment in full of all Charges and Fees. Your Nexa Account may include Periodic Statements identifying Charges, Fees, refunds, and other amounts owed or credited to your Nexa Account.

5.3 Repayments

Where applicable, you may make a repayment for a balance on one or more of your Nexa Cards by any means that are permitted by Nexa and as provided in your Nexa Account.

5.4 Prepayment

At any time and where applicable, you may pay all or any part of your outstanding Account balance, without penalty.

Fees

Subject to applicable law you agree to pay the following fees:

We will disclose any Fees to you when you are approved for a Nexa Card through your Nexa Account. We may update, add, or change Fees upon 30 days' notice to you.

6.1 Penalty fees

6.2 Foreign Currency Transactions

If you make a transaction using your Account in a foreign currency, the credit card association will convert any transaction in foreign currency into U.S. dollars using an exchange rate.

Foreign Transaction Fees up to 3%

Managing Your Nexa Cards

7.1 Requesting and Replacing Cards

We or the Issuer may decide not to grant requests for Nexa Cards or limit the number of physical or virtual Nexa Cards provided to you.

7.2 Permitted and Unauthorized Use

You may only use Nexa Cards for bona fide business-related Charges and transactions, and not for personal, family, or household purposes.

7.3 Lost or Stolen Cards

If your Card is lost or stolen or if you think someone may be using your Card or Account without your permission, you must notify us promptly by emailing us at [email protected] or calling us at +14136422333.

Chargebacks

You are responsible for reviewing your Periodic Statements promptly and identifying any Charges that you believe are unauthorized or that you dispute. You must report any disputed Charge or error no more than 60 days after the disputed Charge is posted on your Periodic Statement.

Termination

Subject to applicable law, we may suspend, revoke or cancel your Account privileges, your right to use the Card or deny any transaction, in our sole discretion at any time, with or without cause and with or without giving you notice.

Dispute Resolution & Arbitration

PLEASE READ THIS "DISPUTE RESOLUTION AND ARBITRATION" PROVISION VERY CAREFULLY. IT LIMITS YOUR RIGHTS IN THE EVENT OF A DISPUTE BETWEEN YOU AND ISSUER.

Binding Arbitration:

You and Issuer agree that any and all past, present and future Disputes shall be determined by arbitration. This agreement to arbitrate shall be construed under and be subject to the Federal Arbitration Act.

Governing Law

These Card Terms will be interpreted in accordance with the laws of Puerto Rico without regard to conflict-of-law provisions.

Nexa Platform Agreements

Nexa Premium Card Terms