Common use of COST OF CREDIT Clause in Contracts

COST OF CREDIT. You will pay a Finance Charge for all advances made against your card at the periodic rate of .024630% per day, which has a corresponding Annual Percentage Rate of 8.99%. Cash advances incur a Finance Charge from the date they are posted to the account. New purchases will not incur a Finance Charge on the date they are posted to the account if you have paid the account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional Finance Charge will be incurred whenever you pay the account in full by the due date. The Finance Charge is figured by applying the periodic rate to the “balance subject to Finance Charge” which is the “average daily balance” of your ac- count, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advances, and, un- less you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid Finance Charges. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” The Finance Charge is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the product. You may pay any amounts outstanding at any time without penalty for early payment.

COST OF CREDIT. You will pay a Finance Charge for all advances made against your card at the periodic rate of .024630.038082% per day, which has a corresponding Annual Percentage Rate of 8.9913.90%. If your Visa® is share-secured, you will pay a Finance Charge for all advances made against your card at the periodic rate of .038082% per day, which has a corresponding Annual Percentage Rate of 13.90%. Cash advances incur a Finance Charge from the date they are posted to the account. New purchases will not incur a Finance Charge on the date they are posted to the account if you have paid the account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional Finance Charge will be incurred whenever you pay the account in full by the due date. The Finance Charge is figured by applying the periodic rate to the “balance subject to Finance Charge” which is the “average daily balance” of your ac- countaccount, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advances, and, un- less unless you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid Finance Charges. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” The Finance Charge is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the product. You may pay any amounts outstanding at any time without penalty for early payment.

COST OF CREDIT. You will pay a Finance Charge for all advances made against your card at the periodic rate of .024630.024384% per day, which has a corresponding Annual Percentage Rate of 8.9912.90%. Cash advances incur a Finance Charge from the date they are posted to the account. New purchases will not incur a Finance Charge on the date they are posted to the account if you have paid the account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional Finance Charge will be incurred whenever you pay the account in full by the due date. The Finance Charge is figured by applying ap- plying the periodic rate to the “balance subject to Finance Charge” which is the “average daily balance” of your ac- countaccount, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advances, and, un- less unless you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid Finance Charges. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” The Finance Charge is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the product. You may pay any amounts outstanding at any time without penalty for early payment.

COST OF CREDIT. You will pay a Finance Charge for all advances made against your card at the periodic rate of .024630% per day, which has a corresponding Annual Percentage Rate of 8.99%. Cash advances incur a Finance Charge from the date they are posted to the account. New purchases will not incur a Finance Charge on the date they are posted to the account if you have paid the account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional Finance Charge will be incurred whenever you pay the account in full by the due date. The Finance Charge is figured by applying the periodic rate to the “balance subject to Finance Charge” which is the “average daily balance” of your ac- countaccount, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advances, and, un- less unless you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid Finance Charges. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” The Finance Charge is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the product. You may pay any amounts outstanding at any time without penalty for early payment.

COST OF CREDIT. You For MasterCard®, Gold MasterCard and Platinum MasterCard, you will pay a Finance Charge FINANCE CHARGE for all advances charges or balance transfers made against your card account at the periodic rate of .024630.037671% per day, which has a corresponding Annual Percentage Rate ANNUAL PERCENTAGE RATE of 8.9913.75%, or at the periodic rate of .043151% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 15.75%, or at the periodic rate of .04863% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 17.75%. Cash advances incur a Finance Charge FINANCE CHARGE from the date they are posted to the account at the periodic rate of .04863% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 17.75%. If you have paid your account in full by the due date shown on the previous monthly statement, or there is no previous balance, you have not less than 25 days to repay your account balance before a FINANCE CHARGE on new purchases will be imposed. Otherwise, there is no grace period and new purchases will incur a FINANCE CHARGE from the date they are posted to the account. New purchases will not incur a Finance Charge on the date they are posted to the account if you have paid the account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional Finance Charge will be incurred whenever you pay the account in full by the due date. The Finance Charge FINANCE CHARGE is figured by applying the periodic rate to the “balance subject to Finance ChargeFINANCE CHARGE” which is the “average daily balance” of your ac- countaccount, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advances, and, un- less and unless you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid Finance ChargesFINANCE CHARGES. This gives us the daily balance. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” The Finance Charge FINANCE CHARGE is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the product. You may pay any amounts outstanding at any time without penalty for early payment.

COST OF CREDIT. You will pay a Finance Charge FINANCE CHARGE for all advances made against your card at the periodic rate of .024630% per day, which has a corresponding Annual Percentage Rate of 8.99%account. Cash FINANCE CHARGES for cash advances incur a Finance Charge from begin to accrue on the date they are posted to of the accountadvance. New purchases and balance transfers will not incur a Finance Charge FINANCE CHARGE on the date they are posted to the account if you have paid the your account in full by the due date Payment Due Date shown on your previous monthly statement statement, or if there was no previous balance. No additional Finance Charge You will have at least 25 days to repay your account balance before a FINANCE CHARGE on new purchases will be incurred whenever you pay imposed. Otherwise, new purchase transactions will incur a FINANCE CHARGE from the account in full by date they are posted to the due dateaccount. The Finance Charge daily periodic rate for cash advances is 0.043562%, which has a corresponding ANNUAL PERCENTAGE RATE of 15.9%. For purchases, until the first day of the billing cycle that includes the six-month anniversary date of the opening of your account, you will pay a FINANCE CHARGE made at the Introductory Rate daily periodic rate of 0.013425%, which has a corresponding ANNUAL PERCENTAGE RATE of 4.9%. Thereafter, or if your account is in default at any time during the Introductory Rate period, the applicable daily periodic rate used to compute the FINANCE CHARGE for purchases will range between 0.013425% and 0.049041%, which has a corresponding ANNUAL PERCENTAGE RATE ranging from 4.9% to 17.9%. Your precise rate is based on your credit standing and will be provided to you in writing after you are approved. In addition, after your account has been opened, we may review your credit standing from time to time in the future and adjust your purchases daily periodic rate and ANNUAL PERCENTAGE RATE within the range stated above. If we increase your rate based on changes in your credit standing, we will notify you in advance as required by applicable law. The purchases rate is also based on an index (the "Index"), which is the highest Prime Rate as published in the Money Rates section of The Wall Street Journal on the last business day of the month and is subject to change monthly. Any change in the Index will be effective on the first day of the billing cycle following the date of the change. An increase in the Index will result in an increase in the daily periodic rate, which in turn, may result in higher payments. The daily periodic rate will never be greater than 0.049041%, which corresponds to an ANNUAL PERCENTAGE RATE of 17.9%. We will not notify you in advance of any changes to your purchases rate based on changes in the Index, but your periodic statement will always reflect the current purchases rate. There is a Cash Advance Fee FINANCE CHARGE of 2% of the cash advance, with a $5 minimum and a $100 maximum. Cash advances are subject to a maximum limit of 25% of your total credit limit. A portion of the FINANCE CHARGE is figured by applying the applicable daily periodic rate to the “balance subject to Finance Charge” which is the “average daily balance” Average Daily Balance of your ac- countaccount for each feature category, including certain current transactions. Feature categories include purchases, balance transfers, and cash advances. The “average daily balance” Average Daily Balance is arrived at by taking the beginning balance of your account each feature category each day and adding any new cash advancestransactions to the balance, and, un- less except if you pay have paid your account in full by the due date Payment Due Date shown on your the previous monthly statement or there is no previous balance, adding new purchases are not added to the purchases feature category balance. Balance transfers may be shown on the periodic statement in new purchasesthe Promotions feature category. When determining balances, we may combine feature category balances that have the same periodic rate and subtracting other FINANCE CHARGE terms. We then subtract any payments or credits and unpaid Finance ChargesFINANCE CHARGES allocated to the feature category balance for the day. This gives us the daily balance for the feature category. The daily balances for the billing cycle each feature category are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” Average Daily Balance for each feature category. The Finance Charge periodic FINANCE CHARGE is determined by by' multiplying the “average daily balance” each feature category Average Daily Balance by the number of days in the billing cycle and applying the applicable daily periodic rate to the product. You may pay The Total FINANCE CHARGE for each statement period is the sum of the periodic FINANCE CHARGES for each feature category plus any amounts outstanding at any time without penalty for early paymentnon-periodic FINANCE CHARGES.

COST OF CREDIT. You For MasterCard® or for Share Secured MasterCard you will pay a Finance Charge an INTEREST CHARGE for all advances made against your card account at the periodic rate of .0246300.032603% per day, which has a corresponding Annual Percentage Rate ANNUAL PERCENTAGE RATE of 8.9911.9%. For Gold MasterCard, you will pay an INTEREST CHARGE for all advances made against your account at the periodic rate of 0.028767% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 10.5%. Cash advances (including balance transfers) incur a Finance Charge an INTEREST CHARGE from the date they are post to the account. If you have paid your account in full by the due date shown on the previous monthly statement, or there is no previous balance, you have not less than 25 days to repay your account balance before an interest charge on new purchases will be imposed. Otherwise, there is no grace period and new purchases will incur an INTEREST CHARGE from the date they are posted to the account. New purchases will not incur a Finance Charge on the date they are posted to the account if you have paid the account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional Finance Charge will be incurred whenever you pay the account in full by the due date. The Finance Charge INTEREST CHARGE is figured by applying the periodic rate to the “balance subject to Finance ChargeINTEREST CHARGE” which is the “average daily balance” of your ac- countaccount, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advancesadvances (including balance transfers), and, un- less and unless you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid Finance ChargesINTEREST CHARGES. The This gives us the daily balances balance for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” The Finance Charge INTERSET CHARGE is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the product. You may pay any amounts outstanding at any time without penalty for early payment.