Common use of PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE Clause in Contracts

PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE. a. Variable Rate. During an introductory period, we offer a fixed Annual Percentage Rate for purchases, cash advances and balance transfers. The introductory period is six months for purchases and cash advances and nine months for balance transfers. After the introductory period, your Annual Percentage Rate will be variable based on the following terms. The Interest Charge imposed during the billing cycle will be determined by multiplying the Average Daily Balance by the Daily Periodic Rate times the number of days in the billing cycle. The Periodic Rate and Annual Percentage Rate are variable based on a margin and an index, which is the highest Prime Rate published in the Western Edition of the Money Rates Section of the Wall Street Journal. We add a margin to the index to obtain the Annual Percentage Rate. The margin we add may range from 7.74% to 14.75% based upon your credit qualifications. The index is determined the 1st day of the billing cycle immediately following the expiration of the Introductory Rate period and subsequently, on the 15th day of the month immediately proceeding the 1st day of each billing cycle, rounded to the nearest .25 percentage point. The index plus/minus margin equals the Annual Percentage Rate. The Annual Percentage Rate is divided by 365 to determine the Daily Periodic Rate. Changes in the Annual Percentage Rate may affect the amount of the payment and the number of payments you will make. The Annual Percentage Rate will never exceed 18.00%. The Annual Percentage Rate and Periodic Rate applicable to your account will be based upon your credit qualification and margin assigned to you and will be disclosed on a separate disclosure accompanying your Card or this Agreement and shown on each monthly statement. The “

PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE. a. Variable Rate. During an introductory period, we offer a fixed Annual Percentage Rate for purchases, cash advances and balance transfers. The introductory period is six months for purchases and cash advances and nine months for balance transfers. After the introductory period, your Annual Percentage Rate will be variable based on the following terms. The Interest Charge imposed during the billing cycle will be determined by multiplying the Average Daily Balance by the Daily Periodic Rate times the number of days in the billing cycle. The Periodic Rate and Annual Percentage Rate are variable based on a margin and an index, which is the highest Prime Rate published in the Western Edition of the Money Rates Section of the Wall Street Journal. We add a margin to the index to obtain the Annual Percentage Rate. The margin we add may range from 7.746.74% to 14.75% based upon your credit qualifications. The index is determined the 1st day of the billing cycle immediately following the expiration of the Introductory Rate period and subsequently, on the 15th day of the month immediately proceeding the 1st day of each billing cycle, rounded to the nearest .25 percentage point. The index plus/minus margin equals the Annual Percentage Rate. The Annual Percentage Rate is divided by 365 to determine the Daily Periodic Rate. Changes in the Annual Percentage Rate may affect the amount of the payment and the number of payments you will make. The Annual Percentage Rate will never exceed 18.00%. The Annual Percentage Rate and Periodic Rate applicable to your account will be based upon your credit qualification and margin assigned to you and will be disclosed on a separate disclosure accompanying your Card or this Agreement and shown on each monthly statement. The “

PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE. a. Variable Rate. During an introductory period, we offer a fixed Annual Percentage Rate for purchases, cash advances and balance transfers. The introductory period is six months for purchases and cash advances and nine months for balance transfers. After the introductory period, your Annual Percentage Rate will be variable based on the following terms. The Interest Charge imposed during the billing cycle will be determined by multiplying the Average Daily Balance by the Daily Periodic Rate times the number of days in the billing cycle. The Periodic Rate and Annual Percentage Rate are variable based on a margin and an index, which is the highest Prime Rate published in the Western Edition of the Money Rates Section of the Wall Street Journal. We add a margin to the index to obtain the Annual Percentage Rate. The margin we add may range from 7.748.74% to 14.7515.75% based upon your credit qualifications. The index is determined the 1st day of the billing cycle immediately following the expiration of the Introductory Rate period and subsequently, on the 15th day of the month immediately proceeding the 1st day of each billing cycle, rounded to the nearest .25 percentage point. The index plus/minus margin equals the Annual Percentage Rate. The Annual Percentage Rate is divided by 365 to determine the Daily Periodic Rate. Changes in the Annual Percentage Rate may affect the amount of the payment and the number of payments you will make. The Annual Percentage Rate will never exceed 18.00%. The Annual Percentage Rate and Periodic Rate applicable to your account will be based upon your credit qualification and margin assigned to you and will be disclosed on a separate disclosure accompanying your Card or this Agreement and shown on each monthly statement. The “