Calculation of Monthly Periodic Rate. A. The Monthly Periodic Rates for Purchases and Cash Advances are based on ANNUAL PERCENTAGE RATES for Purchases and Cash Advances, respectively, which may be adjusted monthly. The Monthly Periodic Rate for Purchases and Cash Advances for each billing period is 1/12th of the ANNUAL PERCENTAGE RATE for Purchases and 1/12th of the ANNUAL PERCENTAGE RATE for Cash Advances respectively in effect for that billing period, rounded to the nearest ten thousandth of a percentage point.
Appears in 4 contracts
Samples: Card Cardholder Agreement, Cardholder Agreement, Cardholder Agreement
Calculation of Monthly Periodic Rate. A. The “Monthly Periodic Rates Rate” for Purchases and Cash Advances are based on ANNUAL PERCENTAGE RATES for Purchases and Cash AdvancesPurchases, respectively, which may be adjusted monthly. The Monthly Periodic Rate for Purchases Balance Transfers and Cash Advances for each billing period cycle is 1/12th of the ANNUAL PERCENTAGE RATE for Purchases and 1/12th of the ANNUAL PERCENTAGE RATE for Purchases, Balance Transfers or Cash Advances respectively Advances, respectively, in effect for that billing periodcycle, rounded to the nearest ten thousandth of a percentage point.
Appears in 2 contracts
Samples: Secured Credit Card Cardholder Agreement, www.icba.org
Calculation of Monthly Periodic Rate. A. The Monthly Periodic Rates for Purchases and Cash Advances are based on ANNUAL PERCENTAGE RATES Annual Percentage Rates for Purchases and Cash Advances, respectively, which may be adjusted monthly. The Monthly Periodic Rate for Purchases and Cash Advances for each billing period is 1/12th of the ANNUAL PERCENTAGE RATE Annual Percentage Rate for Purchases and 1/12th of the ANNUAL PERCENTAGE RATE Annual Percentage Rate for Cash Advances respectively Advances, respectively, in effect for that billing period, rounded to the nearest ten thousandth of a percentage point.
Appears in 1 contract
Samples: Bank Cardholder Agreement
