Account application product, associated package and method for processing an associated application

An account application product comprising:

• a package comprising:
• a first panel extending from a free edge to a first fold line,
• a second panel extending from the first fold line away from the first panel to a second fold line, and
• a third panel extending from the second fold line away from the second panel,
• wherein the first panel is folded back along the first fold line toward a first surface of the second panel to define a storage area between the first panel and the second panel, and the third panel is folded forward along the second fold line toward a second surface of the second panel;
• an account identifier indicating an account associated with the account application product, wherein the account identifier is configured to be machine readable by a point-of-sale terminal;
• and
• a terms sheet selectively stored in the storage area, wherein the terms sheet includes printed terms for the account associated with the account application product.