Daily Periodic Rate. (DPR) and Annual Percentage Rate (APR). The DPR and corresponding APR used to calculate the FINANCE CHARGE for your Card will be stated in a Credit Voucher provided to you when you open your credit card account. (That document is a part of this Agreement.) After you open your account, rate information will be provided in periodic statements, Credit Vouchers, or notices that we send to you.
Daily Periodic Rate. We determine the Daily Periodic Rate by dividing the applicable APR by 365 (366 if a leap year).
Daily Periodic Rate. The Daily Periodic Rate is calculated from the applicable APR. The Daily Periodic Rate is equal to the applicable APR divided by 365 (or 366 in a leap year). We may use the Daily Periodic Rate to calculate the Finance Charge as described in this Agreement. Finance Charges resulting from the application of Daily Periodic Rates will accrue daily and be calculated on the Average Daily Balances (including new transactions) for each Account feature (Purchases, Cash Advances, Balance Transfers, and Promotional Balances). Default – Subject to applicable law and any right that you may have under that law, we may require immediate payment of your entire Account balance and you will be in Default if, (1) you do not make at least the Minimum Payment Due on or
Daily Periodic Rate. The APR for Purchases and the APR for Cash Advances are calculated by adding the Margins disclosed in the accompanying Summary of Terms to the Prime Rate reported in The Wall Street Journal on the first Tuesday of every month, or if The Wall Street Journal is not published on that day, on the next publication day. APRs are adjusted monthly, effective as of the first day of your first Billing Cycle ending on or after the date of the Prime Rate change. APRs will vary with the market based on variations in the Prime Rate. The applicable Daily Periodic Rate will be equal to 1/365 of the applicable APR. The accompanying Summary of Terms shows the Daily Periodic Rates and corresponding APRs determined under the above formula, as of the date specified in the Summary of Terms. If the Prime Rate increases the Daily Periodic Rate and corresponding Annual Percentage Rate under the above formula may increase. As a result, the Interest Charges, the Minimum Payment Due and the number of payments may also increase. Minimum Interest Charge. If your Account is subject to an Interest charge during any Billing Cycle, the Minimum Interest Charge will be $1.50, if the calculated Interest charge would otherwise be less. How We Compute the Balance Subject to Interest Rate.
Daily Periodic Rate. The APR for Purchases and the APR for Cash Advances are calculated by adding the Margins disclosed in the accompanying Summary of Terms to the Prime Rate reported in The Wall Street Journal on the first Tuesday of every month, or if The Wall Street Journal is not published on that day, on the next publication day. APRs are adjusted monthly, effective as of the first day of your first Billing Cycle ending on or after the date of the Prime Rate change. APRs will vary with the market based on variations in the Prime Rate. The applicable Daily Periodic Rate will be equal to 1/365 of the applicable APR. The accompanying Summary of Terms shows the Daily Periodic Rates and corresponding APRs determined under the above formula, as of the date specified in the Summary of Terms. If the Prime Rate increases the Daily Periodic Rate and corresponding Annual Percentage Rate under the above formula may increase. As a result, the Interest Charges, the Minimum Payment Due and the number of payments may also increase. Minimum Interest Charge. If your Account is subject to an Interest charge during any Billing Cycle, the Minimum Interest Charge will be $1.50, if the calculated Interest charge would otherwise be less. How We Compute the Balance Subject to Interest Rate. Interest for a Billing Cycle is calculated separately for Purchase and Cash Advance balances. Convenience Checks are included in the Cash Advance balance. For each balance type we use the daily balance method (including current transactions). For each balance type, we figure the interest charge on your account by applying the applicable Daily Periodic Rate to the applicable “daily balance” of your account for each day in the Billing Cycle. To get the “daily balance” for Purchases, we take the beginning Purchases balance of your account each day (including any unpaid Interest, Minimum Interest Charges and Fees), add any new Purchases and Fees, and any Interest accrued on the previous day’s daily balance, and subtract the applicable portion of any new payments or credits. To get the “daily balance” for Cash Advances, we take the beginning Cash Advances balance of your account each day (including any unpaid Interest and Fees), add any new Cash Advances and Fees, and any Interest accrued on the previous day’s daily balance, and subtract the applicable portion of any new payments or credits. (All Fees are included in the Purchases daily balance except Cash Advance Fees and Foreign
Daily Periodic Rate. The Daily Periodic Rate for all APRs equals the APR divided by 365.
Daily Periodic Rate. The Daily Periodic Rate for all APRs equals the APR divided by 365. $29.00 $29.00 How We Will Calculate Your Balance: We use a method called “Daily Balance” (including new Purchases). See the account agreement for more details.
Daily Periodic Rate. The Daily Periodic Rate is 1/365th of the corresponding Annual Percentage Rate (“APR”) rounded to the nearest 1/100,000th of 1 , not to exceed the maximum allowed by applicable law. If the daily periodic rates and corresponding Annual Percentage Rates increase, the FINANCE CHARGE will increase and your minimum payment due may be greater. If the Finance Charge is less than $1.00 in any billing cycle, we assess a minimum Finance Charge of $1.00.
Daily Periodic Rate. The Daily Periodic Rate is Skip-A-Pay Fee: If you elect to participate in our Skip-A-Payment program you will be charged a fee of $25.00
Daily Periodic Rate. The Daily Periodic Rate is calculated from the applicable APR. The Daily Periodic Rate is equal to the applicable APR divided by 365 (or 366 in a leap year). We may use the Daily Periodic Rate to calculate the Finance Default – Subject to applicable law and any right that you may have under that law, we may require immediate payment of your entire Account balance and you will be in Default if, (1) you do not make at least the Minimum Payment Due on or before the Payment Due Date, (2) a Cardholder or Authorized User exceeds or tries to exceed the Credit Limit without our permission, (3) a payment you make is rejected or cannot be processed, (4) we reasonably believe that a Cardholder’s ability to pay us is materially impaired (for example, if you become subject to bankruptcy or insolvency proceedings or if an attachment or garnishment proceeding are instituted against you or your property), (5) you provide us with false, misleading or fraudulent information or a false signature, (6) a Cardholder dies or is legally declared incompetent or incapacitated, (7) you fail to comply with any provision of this Agreement, (8) you or an Authorized User makes illegal use of any financial service under the Account, (9) you fail to give us a current physical address when you apply and whenever you move, or (10) you or an Authorized User continues to use an Account or Card that has been closed.
