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Other Things You. Should Know Can We Increase Interest Charges and Fees? We may increase your interest charges for new transactions based on the movements in the highest prime rate as published in The Wall Street Journal, but not more often than once within any three-month period. We may not charge fees beyond 25% of the total initial credit line (other than penalty fees) during the first year in which your account is opened. We may change any other terms of your account at any time. We will give you notice of any changes as required by law. How Do We Calculate Variable Rates? Variable rates may change based upon the movement in the highest prime rate as published in The Wall Street Journal (the “Prime Rate”) but not more often than once within any three-month period. We add, depending on your creditworthiness, 6.90%, 8.40% or 9.90% to the Prime Rate on each index date to determine the Purchases/Balance Transfers APR. We will notify you of a rate increase and the new rate in the billing statement for the month before the increase becomes effective. What Are the Daily Periodic Rates Used To Calculate Your Interest? We determine your daily periodic rate by dividing the corresponding Annual Percentage Rate by 365 and round to the nearest 1/100,000th of 1%. If the daily periodic rates and corresponding Annual Percentage Rates increase, the interest charge will increase and our minimum payment may be greater. See How Do We Calculate The Interest Charge? below for more details. Based on the rates set forth in the above table, the daily periodic rate for your Purchases/Balance Transfers APR, would be .029863%, .033973% or .038082%, respectively and the daily periodic rate for your Cash Advances APR would be .04904%. How Can You Avoid Paying Interest Charges? Each month you pay your “New Balance” of Purchases in full by the due date, you will have a minimum grace period of 25 days with no interest charge on all new Purchases and Balance Transfers. If you have been paying your Purchases Account in full with no interest charges applied and you do not pay your next bill in full, prorated interest charges will be assessed. There is no grace period on Cash Advances or on any new transaction on your Purchases Account when there is an unpaid balance from a previous bill.
Other Things You. Should Know 12.1. This Agreement, which includes the Confirmation Email and Invoice, makes up the entire agreement between us relating to our Services, and overrides any prior agreements. This Agreement, our relationship and any non- contractual obligations arising out of or in connection with this Agreement are governed by the laws of England and Wales. The courts of England and Wales have jurisdiction to settle any dispute arising out of or in connection with this Agreement, or any non-contractual obligation arising out of or in connection with this Agreement. 12.2. You accept that this Agreement for our Services is personal to you / your organisation and agree not to transfer it to anyone else, or to try to do so. We can transfer this agreement for our Services to another organisation provided this does not adversely affect your rights under this Agreement. 12.3. This Agreement may only be varied with our prior written agreement signed by an authorised representative of each of us. 12.4. After this Agreement comes to an end, the provisions of this Agreement, which by their nature extend beyond the termination, will survive termination of this Agreement. 12.5. No third party is entitled to enforce any provision under this Agreement under the Contracts (Rights of Third Parties) Act 1999. If any portion of this Agreement is found to be unenforceable, the remaining portion will remain in full force and effect. 12.6. All notices will be given in writing at the respective addresses of the parties set out in the Order Form, unless notification of a change of address is given in writing. Notices will be effective upon dispatch if given by email or fax and confirmed by mail or recognized international courier. Any notice will be effective when received by registered or certified mail or by recognised international courier providing written evidence of delivery. 12.7. No failure to exercise any right under this Agreement will operate as a waiver of such right, nor will any single or partial exercise of any right under this Agreement preclude any other further exercise of such right or any other right. 12.8. This Agreement may be executed in any number of counterparts, each of which when executed will constitute an We’re headquartered in the UK, and operate under English law. This Agreement is between you and us and no one else.
