Common use of Annual Percentage Rate for Cash Advances Clause in Contracts

Annual Percentage Rate for Cash Advances. The ANNUAL PERCENTAGE RATE ("APR") may change every quarter. The index we use is the Prime Rate as published in The Wall Street Journal on the 5th day of the month preceding the change dates ("Index"). If the 5th day falls on a Saturday, Sunday or holiday, we use the Prime Rate published on the next business day. To determine the ANNUAL PERCENTAGE RATE for cash advance transactions, we add a "Margin" of 10.00% to the Index. This gives us the new cash advance transaction APR. If the calculation of the variable ANNUAL PERCENTAGE RATE is less than 13.0% we will use 13.0% as the ANNUAL PERCENTAGE RATE. There is no limit on the amount the APR may increase at any one time. The ANNUAL PERCENTAGE RATE will not exceed the maximum rate of 18%. The monthly periodic rate of FINANCE CHARGE is 1/12th of the ANNUAL PERCENTAGE RATE. The ANNUAL PERCENTAGE RATE for cash advances will be changed once every calendar quarter on these dates: January 1, April 1, July 1 and October 1 ("Change Date"). An increase in the Prime Rate may increase both the number of minimum monthly payments required to repay the Account balance and the amount of each minimum monthly payment. The Prime Rate as of Dec. 27, 2022 was 7.50%, which results in an ANNUAL PERCENTAGE RATE of 17.50% for cash advance transactions and a monthly periodic rate of FINANCE CHARGE of 1.29%.

Annual Percentage Rate for Cash Advances. The ANNUAL PERCENTAGE RATE ("APR") may change every quarter. The index we use is the Prime Rate as published in The Wall Street Journal on the 5th day of the month preceding the change dates ("Index"). If the 5th day falls on a Saturday, Sunday or holiday, we use the Prime Rate published on the next business day. To determine the ANNUAL PERCENTAGE RATE for cash advance transactions, we add a "Margin" of 10.00% to the Index. This gives us the new cash advance transaction APR. If the calculation of the variable ANNUAL PERCENTAGE RATE is less than 13.0% we will use 13.0% as the ANNUAL PERCENTAGE RATE. There is no limit on the amount the APR may increase at any one time. The ANNUAL PERCENTAGE RATE will not exceed the maximum rate of 18%. The monthly periodic rate of FINANCE CHARGE is 1/12th of the ANNUAL PERCENTAGE RATE. The ANNUAL PERCENTAGE RATE for cash advances will be changed once every calendar quarter on these dates: January 1, April 1, July 1 and October 1 ("Change Date"). An increase in the Prime Rate may increase both the number of minimum monthly payments required to repay the Account balance and the amount of each minimum monthly payment. The Prime Rate as of Dec. 27Nov. 7, 2022 was 7.507.00%, which results in an ANNUAL PERCENTAGE RATE of 17.5017.00% for cash advance transactions and a monthly periodic rate of FINANCE CHARGE of 1.29%.

Annual Percentage Rate for Cash Advances. The ANNUAL PERCENTAGE RATE ("APR") may change every quarter. The index we use is the Prime Rate as published in The Wall Street Journal on the 5th day of the month preceding the change dates ("Index"). If the 5th day falls on a Saturday, Sunday or holiday, we use the Prime Rate published on the next business day. To determine the ANNUAL PERCENTAGE RATE for cash advance transactions, we add a "Margin" of 10.00% to the Index. This gives us the new cash advance transaction APR. If the calculation of the variable ANNUAL PERCENTAGE RATE is less than 13.0% we will use 13.0% as the ANNUAL PERCENTAGE RATE. There is no limit on the amount the APR may increase at any one time. The ANNUAL PERCENTAGE RATE will not exceed the maximum rate of 18%. The monthly periodic rate of FINANCE CHARGE is 1/12th of the ANNUAL PERCENTAGE RATE. The ANNUAL PERCENTAGE RATE for cash advances will be changed once every calendar quarter on these dates: January 1, April 1, July 1 and October 1 ("Change Date"). An increase in the Prime Rate may increase both the number of minimum monthly payments required to repay the Account balance and the amount of each minimum monthly payment. The Prime Rate as of Dec. 27October 3, 2022 was 7.506.25%, which results in an ANNUAL PERCENTAGE RATE of 17.5016.25% for cash advance transactions and a monthly periodic rate of FINANCE CHARGE of 1.29%.

Annual Percentage Rate for Cash Advances. The ANNUAL PERCENTAGE RATE ("APR") may change every quarter. The index we use is the Prime Rate as published in The Wall Street Journal on the 5th day of the month preceding the change dates ("Index"). If the 5th day falls on a Saturday, Sunday or holiday, we use the Prime Rate published on the next business day. To determine the ANNUAL PERCENTAGE RATE for cash advance transactions, we add a "Margin" of 10.00% to the Index. This gives us the new cash advance transaction APR. If the calculation of the variable ANNUAL PERCENTAGE RATE is less than 13.0% we will use 13.0% as the ANNUAL PERCENTAGE RATE. There is no limit on the amount the APR may increase at any one time. The ANNUAL PERCENTAGE RATE will not exceed the maximum rate of 18%. The monthly periodic rate of FINANCE CHARGE is 1/12th of the ANNUAL PERCENTAGE RATE. The ANNUAL PERCENTAGE RATE for cash advances will be changed once every calendar quarter on these dates: January 1, April 1, July 1 and October 1 ("Change Date"). An increase in the Prime Rate may increase both the number of minimum monthly payments required to repay the Account balance and the amount of each minimum monthly payment. The Prime Rate as of Dec. 27April 3, 2022 2023 was 7.508.00%, which results in an ANNUAL PERCENTAGE RATE of 17.5017.75% for cash advance transactions and a monthly periodic rate of FINANCE CHARGE of 1.291.50%.

Annual Percentage Rate for Cash Advances. The ANNUAL PERCENTAGE RATE ("APR") may change every quarter. The index we use is the Prime Rate as published in The Wall Street Journal on the 5th day of the month preceding the change dates ("Index"). If the 5th day falls on a Saturday, Sunday or holiday, we use the Prime Rate published on the next business day. To determine the ANNUAL PERCENTAGE RATE for cash advance transactions, we add a "Margin" of 10.00% to the Index. This gives us the new cash advance transaction APR. If the calculation of the variable ANNUAL PERCENTAGE RATE is less than 13.0% we will use 13.0% as the ANNUAL PERCENTAGE RATE. There is no limit on the amount the APR may increase at any one time. The ANNUAL PERCENTAGE RATE will not exceed the maximum rate of 18%. The monthly periodic rate of FINANCE CHARGE is 1/12th of the ANNUAL PERCENTAGE RATE. The ANNUAL PERCENTAGE RATE for cash advances will be changed once every calendar quarter on these dates: January 1, April 1, July 1 and October 1 ("Change Date"). An increase in the Prime Rate may increase both the number of minimum monthly payments required to repay the Account balance and the amount of each minimum monthly payment. The Prime Rate as of Dec. 27May 15, 2022 2023 was 7.508.25%, which results in an ANNUAL PERCENTAGE RATE of 17.5018.00% for cash advance transactions and a monthly periodic rate of FINANCE CHARGE of 1.291.50%.