Common use of Explanation of Variable Rates Clause in Contracts

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR will not exceed 29.99%. How Rates and Fees Work Rates for Pay Over Time balances See More about Pay Over Time in Part 2 of this Agreement When the penalty APR will apply The penalty APR applies to Pay Over Time balances if: ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, or ● your payment is returned by your bank. How long the penalty APR will apply The penalty APR will apply until after you have made timely payments, with no returned payments for 12 billing periods in a row.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR will not exceed 29.99%. CMAEUAOT0000001 Page 1 of 2 How Rates and Fees Work Rates for Pay Over Time balances See More about Pay Over Time in Part 2 of this Agreement When the and/or Cash Advance balance(s) Penalty APR for new transactions The penalty APR will may apply The to new If the penalty APR applies to Pay Over Time balances a balance, it will transactions if: ● apply to charges added to that balance 15 or • you do not pay at least the Minimum more days after we send you notice. Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, on one or ● more occasions; or • your payment is returned by your bank. How long We will review your Account every 6 months after the penalty APR will apply is applied. The penalty We may also consider your creditworthiness APR will continue to apply until after you have made in determining whether or not to apply the timely payments, payments with no returned payments for 12 billing periods in a rowpenalty APR to the Pay Over Time during the 6 months being reviewed. balance(s) on your Account.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR Variable APRs will not exceed 29.99%. CMAEUAOT0000001 Page 1 of 2 How Rates and Fees Work Rates for Pay Over Time balances See More about Pay Over Time in Part 2 of this Agreement When the and/or Cash Advance balance(s) Penalty APR for new transactions The penalty APR will may apply The to new If the penalty APR applies to Pay Over Time balances a balance, it will transactions if: ● apply to charges added to that balance 15 or • you do not pay at least the Minimum more days after we send you notice. Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, on one or ● more occasions; or • your payment is returned by your bank. How long We will review your Account every 6 months after the penalty APR will apply is applied. The penalty We may also consider your creditworthiness APR will continue to apply until after you have made in determining whether or not to apply the timely payments, payments with no returned payments for 12 billing periods in a rowpenalty APR to the Pay Over Time during the 6 months being reviewed. balance(s) on your Account.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR Variable APRs will not exceed 29.99%. CMAEUAOT0000001 Page 1 of 2 How Rates and Fees Work Rates for Pay Over Time balances See More about Pay Over Time in Part 2 of this Agreement When the and/or Cash Advance balance(s) Penalty APR for new transactions The penalty APR will may apply The to new If the penalty APR applies to Pay Over Time balances a balance, it will transactions if: ● apply to charges added to that balance 15 or • you do not pay at least the Minimum more days after we send you notice. Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, on one or ● more occasions; or We will review your Account every 6 months • your payment is returned by your bank. How long after the penalty APR will apply is applied. The penalty We may also consider your creditworthiness APR will continue to apply until after you have made in determining whether or not to apply the timely payments, payments with no returned payments for 12 billing periods in a rowpenalty APR to the Pay Over Time during the 6 months being reviewed. balance(s) on your Account.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR Variable APRs will not exceed 29.99%. CMAEUAOT0000001 Page 1 of 3 How Rates and Fees Work Rates for Pay Over Time balances See More about Pay Over Time in Part 2 of this Agreement When the and/or Cash Advance balance(s) Penalty APR for new transactions The penalty APR will may apply The to new If the penalty APR applies to Pay Over Time balances a balance, it will transactions if: ● apply to charges added to that balance 15 or • you do not pay at least the Minimum more days after we send you notice. Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, on one or ● more occasions; or We will review your Account every 6 months • your payment is returned by your bank. How long after the penalty APR will apply is applied. The penalty We may also consider your creditworthiness APR will continue to apply until after you have made in determining whether or not to apply the timely payments, payments with no returned payments for 12 billing periods in a rowpenalty APR to the Pay Over Time during the 6 months being reviewed. balance(s) on your Account.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR Variable APRs will not exceed 29.99%. CMAEUAOT0000010 Page 1 of 2 How Rates and Fees Work Rates for Pay Over Time balances See More about Pay Over Time in Part 2 of this Agreement When the penalty APR will apply The penalty APR applies to Pay Over Time balances if: ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, or ● your payment is returned by your bank. How long the penalty APR will apply The penalty APR will apply until after you have made timely payments, with no returned payments for 12 billing periods in a row.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR will not exceed 29.99%. How Rates and Fees Work Rates for Pay Over Time balances See More about About Pay Over Time in Part 2 of this Agreement When the Penalty APR for new transactions The penalty APR will may apply The to new If the penalty APR applies to Pay Over Time balances a balance, it will transactions if: ● apply to charges added to that balance 15 or more • you do not pay at least the Minimum days after we send you notice. Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, on one or ● more occasions; or • your payment is returned by your bank. How long We will review your Account every 6 months after the penalty APR will apply is applied. The penalty APR will We may also consider your creditworthiness continue to apply until after you have made timely payments, in determining whether or not to apply the payments with no returned payments for 12 billing periods in a rowduring the 6 penalty APR to the Pay Over Time months being reviewed. balance(s) on your Account.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR Variable APRs will not exceed 29.99%. CMAEUAOT0000001 Page 1 of 4 How Rates and Fees Work Rates for Pay Over Time balances See More about Pay Over Time in Part 2 of this Agreement When the and/or Cash Advance balance(s) Penalty APR for new transactions The penalty APR will may apply The to new If the penalty APR applies to Pay Over Time balances a balance, it will transactions if: ● apply to charges added to that balance 15 or • you do not pay at least the Minimum more days after we send you notice. Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, on one or ● more occasions; or We will review your Account every 6 months • your payment is returned by your bank. How long after the penalty APR will apply is applied. The penalty We may also consider your creditworthiness APR will continue to apply until after you have made in determining whether or not to apply the timely payments, payments with no returned payments for 12 billing periods in a rowpenalty APR to the Pay Over Time during the 6 months being reviewed. balance(s) on your Account.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR will not exceed 29.99%. CMAEUAOT0000001 Page 1 of 3 How Rates and Fees Work Rates for Pay Over Time balances See More about Pay Over Time in Part 2 of this Agreement When the and/or Cash Advance balance(s) Penalty APR for new transactions The penalty APR will may apply The to new If the penalty APR applies to Pay Over Time balances a balance, it will transactions if: ● apply to charges added to that balance 15 or • you do not pay at least the Minimum more days after we send you notice. Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, on one or ● more occasions; or We will review your Account every 6 months • your payment is returned by your bank. How long after the penalty APR will apply is applied. The penalty We may also consider your creditworthiness APR will continue to apply until after you have made in determining whether or not to apply the timely payments, payments with no returned payments for 12 billing periods in a rowpenalty APR to the Pay Over Time during the 6 months being reviewed. balance(s) on your Account.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR will not exceed 29.99%. CMAEUAOT0000001 Page 1 of 2 How Rates and Fees Work Rates for Pay Over Time balances See More about Pay Over Time in Part 2 of this Agreement When the and/or Cash Advance balance(s) Penalty APR for new transactions The penalty APR will may apply The to new If the penalty APR applies to Pay Over Time balances a balance, it will transactions if: ● apply to charges added to that balance 15 or • you do not pay at least the Minimum more days after we send you notice. Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, on one or ● more occasions; or We will review your Account every 6 months • your payment is returned by your bank. How long after the penalty APR will apply is applied. The penalty We may also consider your creditworthiness APR will continue to apply until after you have made in determining whether or not to apply the timely payments, payments with no returned payments for 12 billing periods in a rowpenalty APR to the Pay Over Time during the 6 months being reviewed. balance(s) on your Account.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR will not exceed 29.99%. CMAEUAOT0000001 Page 1 of 3 How Rates and Fees Work Rates for Pay Over Time balances See More about Pay Over Time in Part 2 of this Agreement When the and/or Cash Advance balance(s) Penalty APR for new transactions The penalty APR will may apply The to new If the penalty APR applies to Pay Over Time balances a balance, it will transactions if: ● apply to charges added to that balance 15 or • you do not pay at least the Minimum more days after we send you notice. Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, on one or ● more occasions; or • your payment is returned by your bank. How long We will review your Account every 6 months after the penalty APR will apply is applied. The penalty We may also consider your creditworthiness APR will continue to apply until after you have made in determining whether or not to apply the timely payments, payments with no returned payments for 12 billing periods in a rowpenalty APR to the Pay Over Time during the 6 months being reviewed. balance(s) on your Account.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR will not exceed 29.99%. How Rates and Fees Work Rates for Pay Over Time balances See More about Pay Over Time in Part 2 of this Agreement When the penalty APR will apply The penalty APR applies to Pay Over Time all balances on your account if: ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, due; ● you do not pay at least the Minimum Payment Due by the Closing Payment Due Date of the 2 times in 12 billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, periods; or ● your payment is returned by your bank. See When we charge interest in Part 2 of the Cardmember Agreement for information on Interest Charged If You Do Not Pay Your Minimum Payment Due. How long the penalty APR will apply The penalty APR will continue to apply until after you have made timely payments, payments with no returned payments for 12 billing periods in a row.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR will not exceed 29.99%. CMAENAOT0000027 Page 1 of 3 How Rates and Fees Work Rates for Pay Over Time balances See More about Pay Over Time in Part 2 of this Agreement When the penalty APR will apply The penalty APR applies to Pay Over Time all balances on your account if: ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, due; ● you do not pay at least the Minimum Payment Due by the Closing Payment Due Date of the 2 times in 12 billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, periods; or ● your payment is returned by your bank. See When we charge interest in Part 2 of the Cardmember Agreement for information on Interest Charged If You Do Not Pay Your Minimum Payment Due. How long the penalty APR will apply The penalty APR will continue to apply until after you have made timely payments, payments with no returned payments for 12 billing periods in a row.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR will not exceed 29.99%. CMAEUAOT0000001 Page 1 of 2 How Rates and Fees Work Rates for Pay Over Time balances See More about About Pay Over Time in Part 2 of this Agreement When the Penalty APR for new transactions The penalty APR will may apply The to new transactions if: If the penalty APR applies to Pay Over Time balances if: a balance, it will ● you do not pay at least the Minimum Payment apply to charges added to that balance 15 or Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due and on one or more days after we send you still do not pay it by the Closing Date of the next billing period, notice. more occasions; or We will review your Account every 6 months after ● your payment is returned by your bank. How long the penalty APR will apply is applied. The penalty APR We may also consider your creditworthiness in will continue to apply until after you have made timely payments, determining whether or not to apply the penalty payments with no returned payments for 12 billing periods in a rowduring the 6 APR to the Pay Over Time feature(s) on your months being reviewed. Account.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increasewillincrease. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic DailyPeriodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR will not exceed 29.99%. CMAEUAOT0000001 How Rates and Fees Work Rates for Pay Over Time balances See More about About Pay Over Time in Part 2 of this Agreement When the Penalty APR for new transactions The penalty APR will may apply The to new If the penalty APR applies to Pay Over Time balances a balance, it will transactions if: ● apply to charges added to that balance 15 or more • you do not pay at least the Minimum days after we send you notice. Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, on one or ● more occasions; or • your payment is returned by your bank. How long We will review your Account every 6 months after the penalty APR will apply is applied. The penalty APR will We may also consider your creditworthiness continue to apply until after you have made timely payments, in determining whether or not to apply the payments with no returned payments for 12 billing periods in a rowduring the 6 penalty APR to the Pay Over Time months being reviewed. balance(s) on your Account.

Explanation of Variable Rates. If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR will not exceed 29.99%. CMAEUAOT0000023 Page 1 of 2 How Rates and Fees Work Rates for Pay Over Time balances See More about Pay Over Time in Part 2 of this Agreement When the penalty APR will apply The penalty APR applies to Pay Over Time all balances on your account if: ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due 2 times in 12 billing periods, due; ● you do not pay at least the Minimum Payment Due by the Closing Payment Due Date of the 2 times in 12 billing period in which it is due and you still do not pay it by the Closing Date of the next billing period, periods; or ● your payment is returned by your bank. See When we charge interest in Part 2 of the Cardmember Agreement for information on Interest Charged If You Do Not Pay Your Minimum Payment Due. How long the penalty APR will apply The penalty APR will continue to apply until after you have made timely payments, payments with no returned payments for 12 billing periods in a row.