Vera™ Rewards Program Terms and Conditions

These Rewards Program Terms and Conditions (“Rewards Terms”) describe how you earn and redeem rewards (“Points” or “Rewards”) when you use your Vera World Mastercard® (“Card”) and your related Credit Account (“Account”). The Card is issued by Cottonwood Payments, a division of FinWise Bank, Member FDIC (“Cottonwood Payments”). The Rewards Program is offered and administered by Vera, Inc. (“Vera”), the Cottonwood Payment’s authorized program manager and servicer for the Card.

Vera is not a bank, does not extend credit, and does not make decisions regarding your eligibility for credit; all credit decisions and credit underwriting for the Card and Account are made solely by Cottonwood Payments.

These Rewards Terms are incorporated into and form part of your Cardholder Agreement (“Agreement”). Capitalized terms not defined here have the meanings given in the Agreement.

Any dispute relating to the Rewards Program is subject to the Arbitration Agreement in your Cardholder Agreement, which is incorporated by reference and exclusively governs all dispute resolution. This includes disputes relating to the earning, posting, valuation, forfeiture, or redemption of Points.

By using your Card or Account, you agree to these Rewards Terms.

The Rewards Program allows you to earn Points based on:

• Eligible purchases (as defined in the section “Earning Points” below) made with your Card, and
• Payments you make toward your Account balance.

Points may be redeemed for rewards described below. Points have no cash value unless and until redeemed in accordance with these Rewards Terms.

You may choose one of three available rewards earning modes (each, a "Rewards Mode"). Only one Rewards Mode may be active on your Account at a time. You may change your Rewards Mode at any time; however, changes will take effect at the start of your next billing cycle. Mode selection and changes must be made through the Vera app or website.

Each Rewards Mode provides different earning rates for eligible purchases and may provide different earning rates for eligible payments (as defined in the section “Earning Points” below). The earning rates, eligible transaction types, merchant categories, and any applicable definitions for each Rewards Mode are described in the Vera Rewards Schedule, which is incorporated into these Rewards Terms by reference. Vera may update the Rewards Schedule from time to time in accordance with the “Changes to the Rewards Program” section below.

The three Rewards Modes currently available are:

• Omni Mode – Earn Points on Eligible Purchases and Eligible Payments at the standard earning rates described in the Rewards Schedule.
• Nova Mode – Earn higher Points on Eligible Purchases made using a qualifying digital wallet, and lower earning rates on all other Eligible Purchases, as described in the Rewards Schedule.
• Vita Mode – Earn higher Points on Eligible Purchases in the merchant category designated by Vera for the applicable quarter, and lower earning rates on all other Eligible Purchases, as described in the Rewards Schedule. The elevated category in Vita Mode rotates periodically (currently once per calendar quarter) and is selected solely by Vera. Customers cannot select or change the elevated category. The designated category for each quarter will be disclosed in the Vera app and at https://www.vera.credit.

Eligible merchant categories, qualifying digital wallets, and transaction eligibility for each Rewards Mode are determined by Vera in its reasonable discretion and may be updated from time to time. Merchant Category Codes (“MCCs”) are assigned by Mastercard and the merchant’s payment processor, and neither Vera nor the Cottonwood controls how a merchant or transaction is classified.

Earning Rates

Earning rates vary depending on the Rewards Mode you select. The earning rates applicable to each Rewards Mode are described in the Vera Rewards Schedule.

Eligible Purchases

Eligible Purchases include purchases of goods and services made with your Card, minus returns or refunds. Excluded from eligibility:

• Cash advances, balance transfers, fees, or interest
• Gambling or gaming transactions
• Money orders
• Peer-to-peer (P2P) payments, money transfers, foreign currency purchases or similar transactions
• Manufactured Spending (as defined below)
• Fraudulent or unauthorized transactions
• Transactions that violate the Agreement or applicable law

Merchant category and transaction type are determined by the MCC assigned by Mastercard and the merchant’s payment processor.

Manufactured Spending includes buying cash equivalents, prepaid cards, gift cards, money orders, traveler’s checks, person-to-person transfers, bill payment services, repeat or circular payment transactions, or any pattern of transactions intended to artificially generate Points without an equivalent underlying purchase of goods or services. Vera may determine whether activity constitutes Manufactured Spending in their reasonable discretion.

Eligible Payments

Eligible Payments include payments that are paid on your purchase balance, including ACH, debit card, mailed payments, or payments made via the Vera app or website. Chargebacks, returned payments, adjustments, or payments used to satisfy fraudulent activity are not considered Eligible Payments. Redemption of Points for statement credit is not an Eligible payment.

All payments are received, processed, and credited to your Account by Cottonwood Payments.

Bonus and Promotional Categories

From time to time, Vera may offer higher earning rates for certain merchant categories or limitedtime promotions. Mastercard promotions may also be passed through. Participation may require activation or eligibility criteria. Each promotion will include its own specific terms and requirements.

Posting of Points

Points typically post within 1–2 business days after Eligible Purchases post or Eligible Payments clear. Posting may be delayed due to merchant reporting practices, disputes, or fraud review. Vera may correct Point balances for errors, reversals, or account adjustments.

Redemption Options

• Statement credits
• Other redemption options that Vera may add in the future

Redemption Value

Unless otherwise stated in the Rewards Schedule, 1 Point = $0.01.

Minimum Redemption Amount

You must redeem at least 100 Points ($1.00) at a time.

Statement Credit Redemptions

Statement credits:

• Are posted by Vera and/or Cottonwood Payments
• Typically appear within 1–3 business days
• Do not count as a payment
• Do not earn Points
• Reduce your Account balance once applied
• Cannot be reversed back into Points except in cases of operational error

Points do not expire as long as your Account is open and in good standing. Points may be forfeited if:

• Your Account is closed
• You default on your Account
• You engage in misuse, fraud, or Manufactured Spending
• The Rewards Program is terminated

To earn or redeem Points, your Account must be in good standing, as determined by Vera and/or Cottonwood Payments

Points earned on returned or reversed purchases or payments will be deducted. Your Points balance may become negative.

Vera may suspend, freeze, or terminate your participation if you engage in Manufactured Spending, attempt to game the system, or commit fraud.

Points are not your property and may not be sold, transferred, assigned, pledged, inherited, or bequeathed.

You are responsible for determining any tax implications of earning or redeeming Points. We may be required by law to report the value of certain promotional rewards to the IRS and provide you with the applicable tax form(s).

Vera may modify these Rewards Terms or the Rewards Program at any time. Cottonwood Payments may also require modifications or termination. Changes will be provided in accordance with your Agreement and applicable law.

If the Rewards Program is terminated, you will have at least 90 days to redeem Points unless prohibited by law or due to fraud/misuse.

Neither Cottonwood Payments nor Vera is liable for lost, delayed, or incorrect Points; merchant actions; system outages; or reward fulfillment errors beyond our reasonable control.

These Rewards Terms are governed by the laws of the Commonwealth of Virginia.

The following earning rates apply to each Rewards Mode. All earning rates are expressed in Points per dollar ($1.00) spent or paid.

1. Omni Mode

• 1 Point per $1.00 in Eligible Purchases
• 1 Point per $1.00 in Eligible Payments

Effective maximum rewards rate when paying in full: 2%

2. Nova Mode

• 3 Points per $1.00 in Eligible Purchases made using a qualifying digital wallet
• 1 Point per $1.00 in all other Eligible Purchases

Qualifying digital wallets include Apple Pay, Google Pay, and others designated by Vera. The list may be updated in the app or at https://www.vera.credit.

3. Vita Mode

• 5 Points per $1.00 in Eligible Purchases in the merchant category offered by Vera
• 1 Point per $1.00 in all other Eligible Purchases

Categories may be updated periodically.

• MCC classification controls category eligibility.
• Vera may run temporary promotions with higher earning rates.
• Vera may update earning rates, categories, or wallet definitions with notice consistent with the Agreement.