Common use of Finance Charges Clause in Contracts

Finance Charges. a. General Information; Annual Percentage Rates (APRs). We will not charge you interest on your Purchases if you pay your entire balance by your Payment Due Date each month and do not use your Account for Cash Advances, Balance Transfers or Convenience Checks prior to our receipt of payment. Your Payment Due Date is at least twenty-five days (25) after the close of your statement cycle. Otherwise, the New Balance and subsequent Purchases will be subject to interest from the posting date (which is the date that our credit card service processor posts the transaction to your Account). There is no grace period for Cash Advances or Balance Transfers. We will begin charging interest on Cash Advances, and Balance Transfers on the posting date. Convenience Checks, when available, will be treated like Balance Transfers for purposes of determining the interest charge. We calculate interest by applying the monthly periodic rates to the applicable Average Daily Balances of your Account, including current transactions. Periodic rates and Annual Percentage Rates (APRs) may increase or decrease every statement cycle, and are based on an index plus a margin. The margins, initial APRs and initial periodic rates are set forth in the Account Opening Disclosure for your Account. Should you choose not to accept the margins and APRs that apply to your Account, you may cancel your application prior to using the Account. For example, if the index is 5.00%, and if the margin applicable to your account is 8.40%, then we add the index and margin together to calculate the applicable APR: The index is the U.S. Prime Rate published in the Wall Street Journal. Please refer to the Account Opening Disclosure for information on how the APR will vary. The APRs applicable for a statement cycle will be set forth in the periodic statement for that statement cycle. We will not charge an APR greater than the maximum that we are permitted to charge by law (currently 18.0%). An increase in the APRs and the monthly periodic rates may result in higher interest charges and higher minimum payments, while a decrease in those rates may result in lower interest charges and lower minimum payments, assuming the same principal balance and number of days in the statement cycle. We separate (i) Purchases, (ii) Cash Advances, and (iii) Balance Transfers into three categories for purposes of determining the interest charges. We figure the interest charge for Purchases on your Account by applying the periodic rate to the “Average Daily Balance” of Purchases (including current Purchases). To get the “Average Daily Balance” of Purchases, we take the beginning Purchase Balance of your Account each day, add any new Purchases, and subtract any unpaid interest or other finance charges and any payments or credits applied to your Purchase Balance. This gives us the Daily Balance for Purchases. Then, we add up all the Purchase Daily Balances for the statement cycle and divide the total by the number of days in the statement cycle. This gives us the “Average Daily Balance” for Purchases. We do the same for the other two categories, Cash Advances and Balance Transfers. Convenience Checks are treated as Balance Transfers for purposes of determining the interest charge. b. Introductory, Promotional and Special APRs. From time to time, we may offer an Introductory, Promotional or Special APRs. These Introductory, Promotional or Special APRs will be subject to the terms and conditions as outlined in the disclosures in effect during the Introductory, Promotional or Special period. Any Introductory, Promotional or Special APR that we may offer will be separately identified on your Periodic Statement as well as the Balance for which the APR applies. The separate Balance and the related interest charge will be calculated as described above. Upon expiration of the Introductory, Promotional or Special APR, the APR will be adjusted to the standard APR for the applicable category and will apply to the existing Balance upon termination of the Introductory, Promotional or Special APR. Balance Transfers and Convenience Checks payable to any HSFCU account (e.g., loans and credit cards issued by HSFCU), any Account owner, Account joint owner, or Account Card holder, or to obtain any Cash Advance do not qualify for any Introductory, Promotional or Special APRs.

Finance Charges. a. General Information; Annual Percentage Rates (APRs). We will not charge you interest on your Purchases if you pay your entire balance by your Payment Due Date each month and do not use your Account for Cash Advances, Balance Transfers or Convenience Checks prior to our receipt of payment. Your Payment Due Date is at least twenty-five days (25) after the close of your statement cycle. Otherwise, the New Balance and subsequent Purchases will be subject to interest from the posting date (which is the date that our credit card service processor posts the transaction to your Account). There is no grace period for Cash Advances or Balance Transfers. We will begin charging interest on Cash Advances, and Balance Transfers on the posting date. Convenience Checks, when available, will be treated like Balance Transfers for purposes of determining the interest charge. We calculate interest by applying the monthly periodic rates to the applicable Average Daily Balances of your Account, including current transactions. Periodic rates and Annual Percentage Rates (APRs) may increase or decrease every statement cycle, and are based on an index plus a margin. The margins, initial APRs and initial periodic rates are set forth in the Account Opening Disclosure for your Account. Should you choose not to accept the margins and APRs that apply to your Account, you may cancel your application prior to using the Account. For example, if the index is 5.00%, and if the margin applicable to your account is 8.40%, then we add the index and margin together to calculate the applicable APR: 5.00% + 8.40% = 13.40% The index is the U.S. Prime Rate published in the Wall Street Journal. Please refer to the Account Opening Disclosure for information on how the APR will vary. The APRs applicable for a statement cycle will be set forth in the periodic statement for that statement cycle. We will not charge an APR greater than the maximum that we are permitted to charge by law (currently 18.0%). An increase in the APRs and the monthly periodic rates may result in higher interest charges and higher minimum payments, while a decrease in those rates may result in lower interest charges and lower minimum payments, assuming the same principal balance and number of days in the statement cycle. We separate (i) Purchases, (ii) Cash Advances, and (iii) Balance Transfers into three categories for purposes of determining the interest charges. We figure the interest charge for Purchases on your Account by applying the periodic rate to the “Average Daily Balance” of Purchases (including current Purchases). To get the “Average Daily Balance” of Purchases, we take the beginning Purchase Balance of your Account each day, add any new Purchases, and subtract any unpaid interest or other finance charges and any payments or credits applied to your Purchase Balance. This gives us the Daily Balance for Purchases. Then, we add up all the Purchase Daily Balances for the statement cycle and divide the total by the number of days in the statement cycle. This gives us the “Average Daily Balance” for Purchases. We do the same for the other two categories, Cash Advances and Balance Transfers. Convenience Checks are treated as Balance Transfers for purposes of determining the interest charge. b. Introductory, Promotional and Special APRs. From time to time, we may offer an Introductory, Promotional or Special APRs. These Introductory, Promotional or Special APRs will be subject to the terms and conditions as outlined in the disclosures in effect during the Introductory, Promotional or Special period. Any Introductory, Promotional or Special APR that we may offer will be separately identified on your Periodic Statement as well as the Balance for which the APR applies. The separate Balance and the related interest charge will be calculated as described above. Upon expiration of the Introductory, Promotional or Special APR, the APR will be adjusted to the standard APR for the applicable category and will apply to the existing Balance upon termination of the Introductory, Promotional or Special APR. Balance Transfers and Convenience Checks payable to any HSFCU account (e.g., loans and credit cards issued by HSFCU), any Account owner, Account joint owner, or Account Card holder, or to obtain any Cash Advance do not qualify for any Introductory, Promotional or Special APRs.

Finance Charges. a. General Information; Annual Percentage Rates In order to avoid a FINANCE CHARGE on purchases made since your last statement date, you must pay the “Total New Balance” shown on your most recent monthly statement on or before the “Payment Due Date” shown on that statement (APRs). We which will not charge you interest on your Purchases if you pay your entire balance by your Payment Due Date each month and do not use your Account for Cash Advances, Balance Transfers or Convenience Checks prior to our receipt of payment. Your Payment Due Date is at least twenty-five be less than 25 days (25) after from the close of your statement cycle“Statement Date”). Otherwise, the New finance charge on purchases is calculated on the next statement period on previously billed but unpaid purchases and on new purchases from the date they are posted to your account. Balance transfers and subsequent Purchases will be cash advances are always subject to interest a finance charge from the posting date they are posted to your account. The FINANCE CHARGE (which interest) on purchases and cash advances is calculated at the Daily Periodic Rate. The ANNUAL PERCENTAGE RATE (APR) on purchases, balance transfers and cash advances is between 8.9% (0.02438% Daily Periodic Rate) and 17.9% (0.04904% Daily Periodic Rate); the APR you receive is determined based on your creditworthiness, and we have notified you of your APR in the Visa Account-Opening Credit Disclosures. Balance transfers receive 0% APR for the first six (6) months from the date that our the Visa Credit Card account was opened. Introductory balance transfer APR applies only to balance transfers from another financial institution’s credit card service processor posts the transaction card. After six (6) months, rate will revert to your Accountstandard rate (between 8.9% and 17.9% ). There is no grace period Separate finance charges for Cash Advances or Balance Transfers. We will begin charging interest on Cash Advancespurchases, balance transfers, and Balance Transfers on cash advances are determined by multiplying the posting date. Convenience ChecksDaily Periodic Rate by the separate average daily balances for purchases, when available, will be treated like Balance Transfers for purposes of determining the interest charge. We calculate interest by applying the monthly periodic rates to the applicable Average Daily Balances of your Account, including current transactions. Periodic rates and Annual Percentage Rates (APRs) may increase or decrease every statement cyclebalance transfers, and are based on an index plus a margin. The margins, initial APRs and initial periodic rates are set forth in the Account Opening Disclosure for your Account. Should you choose not to accept the margins and APRs that apply to your Account, you may cancel your application prior to using the Account. For example, if the index is 5.00%, and if the margin applicable to your account is 8.40%, then we add the index and margin together to calculate the applicable APR: The index is the U.S. Prime Rate published in the Wall Street Journal. Please refer to the Account Opening Disclosure for information on how the APR will vary. The APRs applicable for a statement cycle will be set forth in the periodic statement for that statement cycle. We will not charge an APR greater than the maximum that we are permitted to charge by law (currently 18.0%). An increase in the APRs and the monthly periodic rates may result in higher interest charges and higher minimum payments, while a decrease in those rates may result in lower interest charges and lower minimum payments, assuming the same principal balance and number of days in the statement cycle. We separate (i) Purchases, (ii) Cash Advances, and (iii) Balance Transfers into three categories for purposes of determining the interest charges. We figure the interest charge for Purchases on your Account by applying the periodic rate to the “Average Daily Balance” of Purchases (including current Purchases). To get the “Average Daily Balance” of Purchases, we take the beginning Purchase Balance of your Account each day, add any new Purchases, and subtract any unpaid interest or other finance charges and any payments or credits applied to your Purchase Balance. This gives us the Daily Balance for Purchases. Then, we add up all the Purchase Daily Balances for the statement cycle and divide the total cash advances by the number of days in the statement cycleperiod. This gives us Each average daily balance is determined by taking the “Average Daily Balance” for Purchasesbeginning balance (of purchases, balance transfers, or cash advances) in your account each day, adding any new purchases, balance transfers, or cash advances, (whichever is applicable) and subtracting any payments or credits. We do The results are the same daily balances. All the daily balances for the other two categories, Cash Advances statement period are added and Balance Transfers. Convenience Checks are treated as Balance Transfers for purposes the total is divided by the number of determining the interest charge. b. Introductory, Promotional and Special APRs. From time to time, we may offer an Introductory, Promotional or Special APRs. These Introductory, Promotional or Special APRs will be subject to the terms and conditions as outlined days in the disclosures in effect during statement period to arrive at the Introductory, Promotional or Special period. Any Introductory, Promotional or Special APR that we may offer will be separately identified on your Periodic Statement as well as the Balance for which the APR applies. The separate Balance and the related interest charge will be calculated as described above. Upon expiration of the Introductory, Promotional or Special APR, the APR will be adjusted to the standard APR average daily balances for the applicable category and will apply to the existing Balance upon termination of the Introductory, Promotional or Special APR. Balance Transfers and Convenience Checks payable to any HSFCU account (e.g., loans and credit cards issued by HSFCU), any Account owner, Account joint owner, or Account Card holder, or to obtain any Cash Advance do not qualify for any Introductory, Promotional or Special APRsperiod.

Finance Charges. a. General Information; Annual Percentage Rates In order to avoid a FINANCE CHARGE on purchases made since your last statement date, you must pay the "Total New Balance" shown on your most recent monthly statement on or before the "Payment Due Date" shown on that statement (APRs). We which will not charge you interest on your Purchases if you pay your entire balance by your Payment Due Date each month and do not use your Account for Cash Advances, Balance Transfers or Convenience Checks prior to our receipt of payment. Your Payment Due Date is at least twenty-five be less than 25 days (25) after from the close of your statement cycle"Statement Date"). Otherwise, the New finance charge on purchases is calculated on the next statement period on previously billed but unpaid purchases and on new purchases from the date they are posted to your account. Balance transfers and subsequent Purchases will be cash advances are always subject to interest a finance charge from the posting date they are posted to your account. The FINANCE CHARGE (which interest) on purchases and cash advances is calculated at the Daily Periodic Rate. The ANNUAL PERCENTAGE RATE (APR) on purchases, balance transfers and cash advances is between 8.9% (0.02438% Daily Periodic Rate) and 17.9% (0.04904% Daily Periodic Rate); the APR you receive is determined based on your creditworthiness, and we have notified you of your APR in the Visa Account-Opening Credit Disclosures. Balance transfers receive 0% APR for the first six (6) months from the date that our the Visa Credit Card account was opened. Introductory balance transfer APR applies only to balance transfers from another financial institution’s credit card service processor posts the transaction card. After six (6) months, rate will revert to your Accountstandard rate (between 8.9% and 17.9% ). There is no grace period Separate finance charges for Cash Advances or Balance Transfers. We will begin charging interest on Cash Advancespurchases, balance transfers, and Balance Transfers on cash advances are determined by multiplying the posting date. Convenience ChecksDaily Periodic Rate by the separate average daily balances for purchases, when available, will be treated like Balance Transfers for purposes of determining the interest charge. We calculate interest by applying the monthly periodic rates to the applicable Average Daily Balances of your Account, including current transactions. Periodic rates and Annual Percentage Rates (APRs) may increase or decrease every statement cyclebalance transfers, and are based on an index plus a margin. The margins, initial APRs and initial periodic rates are set forth in the Account Opening Disclosure for your Account. Should you choose not to accept the margins and APRs that apply to your Account, you may cancel your application prior to using the Account. For example, if the index is 5.00%, and if the margin applicable to your account is 8.40%, then we add the index and margin together to calculate the applicable APR: The index is the U.S. Prime Rate published in the Wall Street Journal. Please refer to the Account Opening Disclosure for information on how the APR will vary. The APRs applicable for a statement cycle will be set forth in the periodic statement for that statement cycle. We will not charge an APR greater than the maximum that we are permitted to charge by law (currently 18.0%). An increase in the APRs and the monthly periodic rates may result in higher interest charges and higher minimum payments, while a decrease in those rates may result in lower interest charges and lower minimum payments, assuming the same principal balance and number of days in the statement cycle. We separate (i) Purchases, (ii) Cash Advances, and (iii) Balance Transfers into three categories for purposes of determining the interest charges. We figure the interest charge for Purchases on your Account by applying the periodic rate to the “Average Daily Balance” of Purchases (including current Purchases). To get the “Average Daily Balance” of Purchases, we take the beginning Purchase Balance of your Account each day, add any new Purchases, and subtract any unpaid interest or other finance charges and any payments or credits applied to your Purchase Balance. This gives us the Daily Balance for Purchases. Then, we add up all the Purchase Daily Balances for the statement cycle and divide the total cash advances by the number of days in the statement cycleperiod. This gives us Each average daily balance is determined by taking the “Average Daily Balance” for Purchasesbeginning balance (of purchases, balance transfers, or cash advances) in your account each day, adding any new purchases, balance transfers, or cash advances, (whichever is applicable) and subtracting any payments or credits. We do The results are the same daily balances. All the daily balances for the other two categories, Cash Advances statement period are added and Balance Transfers. Convenience Checks are treated as Balance Transfers for purposes the total is divided by the number of determining the interest charge. b. Introductory, Promotional and Special APRs. From time to time, we may offer an Introductory, Promotional or Special APRs. These Introductory, Promotional or Special APRs will be subject to the terms and conditions as outlined days in the disclosures in effect during statement period to arrive at the Introductory, Promotional or Special period. Any Introductory, Promotional or Special APR that we may offer will be separately identified on your Periodic Statement as well as the Balance for which the APR applies. The separate Balance and the related interest charge will be calculated as described above. Upon expiration of the Introductory, Promotional or Special APR, the APR will be adjusted to the standard APR average daily balances for the applicable category and will apply to the existing Balance upon termination of the Introductory, Promotional or Special APR. Balance Transfers and Convenience Checks payable to any HSFCU account (e.g., loans and credit cards issued by HSFCU), any Account owner, Account joint owner, or Account Card holder, or to obtain any Cash Advance do not qualify for any Introductory, Promotional or Special APRsperiod.

Finance Charges. a. General Information; Annual Percentage Rates (APRs). We New purchases posted to your account during a billing cycle will not incur a finance charge you interest on your Purchases for that billing cycle if you pay your had a zero or credit balance at the beginning of that billing cycle or you paid the entire balance New Balance on the previous cycle’s billing statement by your the Payment Due Date each month and do not use of that statement; otherwise a finance charge will accrue from the date a purchase is posted to your Account for Cash Advancesaccount. To avoid any additional finance charges on the balance of purchases, you must pay the entire New Balance Transfers or Convenience Checks prior to our receipt of payment. Your on the billing statement by the Payment Due Date is at least twenty-five days of that statement, unless there was also cash advance transaction (25which includes balance transfers and convenience check transactions) after within the close of your same statement cycle, in which case the grace period ends. Otherwise, the New Balance and subsequent Purchases will be subject Finance charges begin to interest accrue on cash advances from the posting date (which is you get the date that our credit card service processor posts the transaction to your Account). There cash advance, there is no grace period for Cash Advances period. Finance charges will also begin to accrue immediately on all balances including purchases when a cash advance transaction (including balance transfers and convenience check transactions) is performed during the statement cycle. a. All VISA Credit Card Accounts as of December 1, 2009 have variable interest rates. The Annual Percentage Rate or Balance Transfers. We APR, which is a variable rate will begin charging interest on Cash Advances, be effective and Balance Transfers changed semi-annually on the posting date. Convenience Checks, when available, will be treated like Balance Transfers for purposes 1st of determining November and the interest charge. We calculate interest 1st of May and is determined by applying the monthly periodic rates to the applicable Average Daily Balances of your Account, including current transactions. Periodic rates and Annual Percentage Rates (APRs) may increase or decrease every statement cycle, and are based on an index plus a margin. The margins, initial APRs and initial periodic rates are set forth in the Account Opening Disclosure for your Account. Should you choose not to accept the margins and APRs that apply to your Account, you may cancel your application prior to using the Account. For example, if the index is 5.00%, and if adding the margin applicable assigned to your account is 8.40%, then we add to the index and margin together to calculate the applicable APR: Index. The index Index is the U.S. Prime Rate (currently at 4.75%) as published in the Wall Street JournalJournal on the first business day of the calendar month immediately preceding the change date as previously described. Please refer For example, the index rate published on the first business day of October plus the margin assigned to your Account will determine the Account Opening Disclosure for information on how ANNUAL PERCENTAGE RATE or APR that will apply during the APR will varybilling cycles that begin in November and continue until the next semi-annual change. The APRs applicable for a statement cycle will be set forth in index published on the periodic statement for that statement cycle. We will not charge an APR greater than first business day of April plus the maximum that we are permitted margin assigned to charge by law (currently 18.0%). An increase in the APRs and the monthly periodic rates may result in higher interest charges and higher minimum payments, while a decrease in those rates may result in lower interest charges and lower minimum payments, assuming the same principal balance and number of days in the statement cycle. We separate (i) Purchases, (ii) Cash Advances, and (iii) Balance Transfers into three categories for purposes of determining the interest charges. We figure the interest charge for Purchases on your Account by applying will determine the periodic rate ANNUAL PERCENTAGE RATE or APR that will apply during the billing cycles that begin in May and will continue until the next semi-annual change. 1. VISA Credit Card Accounts opened prior to June 15, 2016; before you became obligated the “Average Daily Balance” of Purchases (including current Purchases). To get the “Average Daily Balance” of Purchases, we take the beginning Purchase Balance of Credit Union disclosed to you whether your Account each daywas Classic or Platinum, add any new Purchases, and subtract any unpaid interest or other finance charges and any payments or credits applied the margin that is assigned to your Purchase Balance. This gives us account, along with the Daily Balance for Purchases. Then, we add up all the Purchase Daily Balances for the statement cycle current variable ANNUAL PERCENTAGE RATE or APR and divide the total by the number of days in the statement cycle. This gives us the “Average Daily Balance” for Purchases. We do the same for the other two categories, Cash Advances and Balance Transfers. Convenience Checks are treated as Balance Transfers for purposes of determining the interest charge. b. Introductory, Promotional and Special APRs. From time to time, we may offer an Introductory, Promotional or Special APRs. These Introductory, Promotional or Special APRs will be subject to the terms and conditions as outlined in the disclosures in effect during the Introductory, Promotional or Special period. Any Introductory, Promotional or Special APR that we may offer will be separately identified on your corresponding Monthly Periodic Statement as well as the Balance for which the APR appliesRate. The separate Balance margin assigned to your Account is 9% for Platinum cards and the related interest charge will be calculated as described above10% for Classic cards. Upon expiration of the Introductory, Promotional or Special APR, The floor on the APR will be adjusted equal to the standard margin for each type of card, in other words the APR on the Platinum card can never be lower than 9% and can never be lower than 10% for the Classic card. In no event will the ANNUAL PERCENTAGE RATE applicable category and will apply to your Account exceed 18%. The ANNUAL PERCENTAGE RATE or APR is the existing Balance upon termination of the Introductory, Promotional or Special APR. Balance Transfers and Convenience Checks payable to any HSFCU account (e.g., loans and credit cards issued by HSFCU), any Account owner, Account joint owner, or Account Card holder, or to obtain any same for Cash Advance do not qualify for any Introductory, Promotional or Special APRsand Balance Transfers.

Finance Charges. a. General Information; Annual Percentage Rates In order to avoid a FINANCE CHARGE on purchases made since your last statement, you must pay the “Total New Balance” shown on or before the “Statement Due Date” shown on that statement (APRs). We which will not charge you interest on your Purchases if you pay your entire balance by your Payment Due Date each month and do not use your Account for Cash Advances, Balance Transfers or Convenience Checks prior to our receipt of payment. Your Payment Due Date is at least twenty-five be less than 25 days (25) after from the close of your statement cycle“Statement Date”). Otherwise, the New FINANCE CHARGE on purchases is calculated on the next statement period on previously billed but unpaid purchases and on new purchases from the date they are posted to your account. Balance transfers and subsequent Purchases will be cash advances are always subject to interest a FINANCE CHARGE from the posting date they are posted to your account. The FINANCE CHARGE (which interest) on purchases and cash advances is calculated at the Daily Periodic Rate. The ANNUAL PERCENTAGE RATE (APR) on purchases, balance transfers and cash advances is between 8.9% (0.02438% Daily Periodic Rate) and 17.9% (0.04904% Daily Periodic Rate). The APR you receive is determined based on your creditworthiness, and we have notified you of your APR in the Visa Account- Opening Credit Disclosures. Balance transfers receive 0% APR for the first 6 months from the date that our the Visa Credit Card account is opened. Introductory balance transfer APR applies only to balance transfers from another financial institution’s credit card service processor posts the transaction card. After 6 months, rate will revert to your Accountstandard rate (between 8.9% and 17.9% ). There is no grace period Separate FINANCE CHARGES for Cash Advances or Balance Transfers. We will begin charging interest on Cash Advancespurchases, balance transfers, and Balance Transfers on cash advances are determined by multiplying the posting date. Convenience ChecksDaily Periodic Rate by the separate average daily balances for purchases, when available, will be treated like Balance Transfers for purposes of determining the interest charge. We calculate interest by applying the monthly periodic rates to the applicable Average Daily Balances of your Account, including current transactions. Periodic rates and Annual Percentage Rates (APRs) may increase or decrease every statement cyclebalance transfers, and are based on an index plus a margin. The margins, initial APRs and initial periodic rates are set forth in the Account Opening Disclosure for your Account. Should you choose not to accept the margins and APRs that apply to your Account, you may cancel your application prior to using the Account. For example, if the index is 5.00%, and if the margin applicable to your account is 8.40%, then we add the index and margin together to calculate the applicable APR: The index is the U.S. Prime Rate published in the Wall Street Journal. Please refer to the Account Opening Disclosure for information on how the APR will vary. The APRs applicable for a statement cycle will be set forth in the periodic statement for that statement cycle. We will not charge an APR greater than the maximum that we are permitted to charge by law (currently 18.0%). An increase in the APRs and the monthly periodic rates may result in higher interest charges and higher minimum payments, while a decrease in those rates may result in lower interest charges and lower minimum payments, assuming the same principal balance and number of days in the statement cycle. We separate (i) Purchases, (ii) Cash Advances, and (iii) Balance Transfers into three categories for purposes of determining the interest charges. We figure the interest charge for Purchases on your Account by applying the periodic rate to the “Average Daily Balance” of Purchases (including current Purchases). To get the “Average Daily Balance” of Purchases, we take the beginning Purchase Balance of your Account each day, add any new Purchases, and subtract any unpaid interest or other finance charges and any payments or credits applied to your Purchase Balance. This gives us the Daily Balance for Purchases. Then, we add up all the Purchase Daily Balances for the statement cycle and divide the total cash advances by the number of days in the statement cycleperiod. This gives us Each average daily balance is determined by taking the “Average Daily Balance” for Purchasesbeginning balance (of purchases, balance transfers, or cash advances) in your account each day, adding any new purchases, balance transfers, or cash advances (whichever is applicable), and subtracting any payments or credits. We do The results are the same daily balances. All the daily balances for the other two categories, Cash Advances statement period are added and Balance Transfers. Convenience Checks are treated as Balance Transfers for purposes the total is divided by the number of determining the interest charge. b. Introductory, Promotional and Special APRs. From time to time, we may offer an Introductory, Promotional or Special APRs. These Introductory, Promotional or Special APRs will be subject to the terms and conditions as outlined days in the disclosures in effect during statement period to arrive at the Introductory, Promotional or Special period. Any Introductory, Promotional or Special APR that we may offer will be separately identified on your Periodic Statement as well as the Balance for which the APR applies. The separate Balance and the related interest charge will be calculated as described above. Upon expiration of the Introductory, Promotional or Special APR, the APR will be adjusted to the standard APR average daily balances for the applicable category and will apply to the existing Balance upon termination of the Introductory, Promotional or Special APR. Balance Transfers and Convenience Checks payable to any HSFCU account (e.g., loans and credit cards issued by HSFCU), any Account owner, Account joint owner, or Account Card holder, or to obtain any Cash Advance do not qualify for any Introductory, Promotional or Special APRsperiod.

Finance Charges. a. General Information; Annual Percentage Rates (APRs). We will not charge you interest on your Purchases if you pay your entire balance by your Payment Due Date each month and do not use your Account for Cash Advances, Balance Transfers or Convenience Checks prior to our receipt of payment. Your Payment Due Date is at least twenty-five days (25) after the close of your statement billing cycle. Otherwise, the New Balance and subsequent Purchases will be subject to interest from the posting date (which is the date that our credit card service processor posts the transaction to your Account). There is no grace period for Cash Advances or Balance Transfers. We will begin charging interest on Cash Advances, and Balance Transfers on the posting date. Convenience Checks, when available, will be treated like Balance Transfers for purposes of determining the interest charge. We calculate interest by applying the monthly periodic rates to the applicable Average Daily Balances of your Account, including current transactions. Periodic rates and Annual Percentage Rates (APRs) may increase or decrease every statement billing cycle, and are based on an index plus a margin. The margins, initial APRs and initial periodic rates are set forth in the Account Opening Disclosure for your Account. Should you choose not to accept the margins and APRs that apply to your Account, you may cancel your application prior to using the Account. For example, if the index is 5.00%, and if the margin applicable to your account is 8.40%, then we add the index and margin together to calculate the applicable APR: 5.00% + 8.40% = 13.40% The index is the U.S. Prime Rate published in the Wall Street Journal. Please refer to the Account Opening Disclosure for information on how the APR will vary. The APRs applicable for a statement billing cycle will be set forth in the periodic statement for that statement billing cycle. We will not charge an APR greater than the maximum that we are permitted to charge by law (currently 18.0%). An increase in the APRs and the monthly periodic rates may result in higher interest charges and higher minimum payments, while a decrease in those rates may result in lower interest charges and lower minimum payments, assuming the same principal balance and number of days in the statement billing cycle. We separate (i) Purchases, (ii) Cash Advances, and (iii) Balance Transfers into three categories for purposes of determining the interest charges. We figure the interest charge for Purchases on your Account by applying the periodic rate to the “Average Daily Balance” of Purchases (including current Purchases). To get the “Average Daily Balance” of Purchases, we take the beginning Purchase Balance of your Account each day, add any new Purchases, and subtract any unpaid interest or other finance charges and any payments or credits applied to your Purchase Balance. This gives us the Daily Balance for Purchases. Then, we add up all the Purchase Daily Balances for the statement billing cycle and divide the total by the number of days in the statement billing cycle. This gives us the “Average Daily Balance” for Purchases. We do the same for the other two categories, Cash Advances and Balance Transfers. Convenience Checks are treated as Balance Transfers for purposes of determining the interest charge. b. Introductory, Promotional and Special APRs. From time to time, we may offer an Introductory, Promotional or Special APRs. These Introductory, Promotional or Special APRs will be subject to the terms and conditions as outlined in the disclosures in effect during the Introductory, Promotional or Special period. Any Introductory, Promotional or Special APR that we may offer will be separately identified on your Periodic Statement as well as the Balance for which the APR applies. The separate Balance and the related interest charge will be calculated as described above. Upon expiration of the Introductory, Promotional or Special APR, the APR will be adjusted to the standard APR for the applicable category and will apply to the existing Balance upon termination of the Introductory, Promotional or Special APR. Balance Transfers and Convenience Checks payable to any HSFCU account (e.g., loans and credit cards issued by HSFCU), any Account owner, Account joint owner, or Account Card holder, or to obtain any Cash Advance do not qualify for any Introductory, Promotional or Special APRs.