PERIODIC RATES. The periodic rates applicable to purchases, cash advances, and balance transfers are disclosed on the Disclosure that accompanies this Agreement. Any penalty rate that may be imposed for failing to make a payment by the payment due date is also disclosed on the Disclosure. Any rate change will be made pursuant to applicable law. If the rate for your account is variable, as indicated on the accompanying Disclosure, the rate charged on purchases, cash advances, balance transfers and any penalty rate will vary periodically as disclosed in the Disclosure accompanying this Agreement. The initial rate on your account for certain types of transactions may be an introductory discounted rate (Introductory Rate) that is lower than the rate that would ordinarily apply for that type of transaction. If an Introductory Rate applies to your account, the rates and the period of time it will be effective is shown on the Disclosure accompanying this Agreement. After the Introductory Rate period expires, the periodic rate will automatically increase to the rates that would ordinarily apply for that type of transaction based on the terms of this Agreement.
PERIODIC RATES. We will use one or more daily periodic rates to calculate how much interest you owe. Your periodic rates and corresponding APRs will vary. The daily periodic rate is a rate equal to the APR divided by the number of days in that year. Except as otherwise provided in a promotional offer, the rate for Purchases (“Purchase Rate”), the rate for Cash Advances (“Cash Advance Rate”), and the rate for Balance Transfers (“Balance Transfer Rate”) will be the rates shown in the Summary of Terms. Please see your Summary of Terms for details, including the current periodic rates and corresponding APRs. Penalty Rate - The periodic rates and corresponding APRs on all balances will increase to the “Penalty Rate” (as described in your Summary of Terms) if: (a) your required Minimum Payment Due is not credited to your Account within five (5) days of the Payment Due Date or (b) a payment on your Account is not honored by your bank or other financial institution. If the Penalty Rate is applied, it will apply to your Account until you have made the Minimum Payment Due by the Payment Due Date for six (6) consecutive months. Variable Rate – Except as provided in a promotional offer, the periodic rates and corresponding APRs on your account will vary with the market based on the highest domestic bank “prime rate” as published in the “Money Rates” section of The Wall Street Journal (the “Prime Rate”). We determine your APRs for each billing cycle by adding the “Margins” described and shown in the Summary of Terms to the Prime Rate published two days prior to the billing cycle closing date. If the Prime Rate increases, the daily periodic rates and corresponding APRs may increase, and as a result, the interest, the Minimum Payment Due, and the number of payments required to repay all amounts owed on the Account also may increase. Any new periodic rate will apply to the existing balance of your Account to the extent permitted by applicable law.
PERIODIC RATES. The Purchase APR is 10.40% which is a monthly periodic rate of 0.8667%. The Balance Transfer APR is 10.40% which is a monthly periodic rate of 0. 8667%. The Cash Advance APR is 10.40% which is a monthly periodic rate of 0. 8667%. The Penalty Rate APR is 17.90% which is a monthly periodic rate of 1.4917%.
PERIODIC RATES. INTEREST CHARGES for purchases and cash advances are calculated at a monthly periodic rate of 2.4992%, which is equivalent to an ANNUAL PERCENTAGE RATE (“APR”) of 29.99%.
PERIODIC RATES. The Daily Periodic Rate and corresponding Interest Rate are variable rates and may change each month. The Interest Rate that applies to the Account is determined by adding a “Margin” to the “Index”, which is described below. The Daily Periodic Rate is determined by multiplying the Interest Rate by 1/365th (1/366th in a leap year). The Index is the highest Prime Rate published in the “Money Rates” table by The Wall Street Journal during the ninety (90) days immediately preceding the first day of your billing cycle. Any change in the Index will cause the corresponding Interest Rate to be adjusted as of the first day of your Billing Period that begins after the change. The current Interest Rate and Margin appear on the Pricing Addendum that accompanies and is a part of this Credit Agreement. Promotional Credit Plans. In addition to purchases that accrue Finance Charges and require monthly payments as described previously in this Credit Agreement, Promotional Credit Plans may be offered from time to time on specific purchases for qualified buyers. Purchases made under these Promotional Credit Plans may have different finance charge calculations and required minimum payments. A Promotional Credit Plan is strictly limited by its terms and the terms and conditions of the special promotion to which it relates. In addition, the benefits of a Promotional Credit Plan will expire and all Accrued Finance Charges in these plans will be added to the Account if the Account is placed in default.
PERIODIC RATES. The monthly periodic rates applicable to purchases, cash advances, and balance transfers are one-twelfth of the disclosed applicable annual percentage rates (APR). Any penalty rate, if applicable, that may be imposed for failing to make a payment by the payment due date is also disclosed on the Credit Card Account Opening Disclosure. Any rate change will be made pursuant to applicable law. If the rate for your account is variable, as indicated on the Credit Card Account Opening Disclosure, the rate charged on purchases, cash advances, balance transfers and any penalty rate will vary periodically as disclosed in the Credit Card Account Opening Disclosure. The initial rate on your account for certain types of transactions may be an introductory discounted rate (Introductory Rate) that is lower than the rate that would ordinarily apply for that type of transaction. If an Introductory Rate applies to your account, the rates and the period of time it will be effective is shown on the Credit Card Account Opening Disclosure. After the Introductory Rate period expires, the periodic rate will automatically increase to the rates that would ordinarily apply for that type of transaction based on the terms of this Agreement.
PERIODIC RATES. The periodic rate applicable to purchases, cash advances, and balance transfers are detailed in the Additional Disclosure. Any rate change will be made pursuant to applicable law. If the rate on your Account is variable (see the Additional Disclosure) the rate charged on purchases, cash advances, and balance transfers will vary from time to time as described in the Additional Disclosure. The initial rate on your Account for certain transactions might be an introductory discounted rate, the Introductory Rate that is lower than the rate that would apply for that type of transaction. If an Introductory Rate applies to your Account, the rate and the time period it will be effective is shown in the Additional Disclosure. After the Introductory Rate expires, the periodic rate will automatically increase to the rates that would apply for that type of transaction as defined in this Agreement.
PERIODIC RATES. The periodic rates applicable to purchases, cash advances, and balance transfers are disclosed on the Disclosure that accompanies this Agreement. Any penalty rate may be imposed for failing to make a payment by the payment due date is also disclosed on the Disclosure. Any rate change will be made pursuant to applicable law. If the rate for your account is variable, as indicated on the accompanying Disclosure, the rate charged on purchases, cash advances, balance transfers and any penalty rate will vary periodically as disclosed in the Disclosure accompanying this Agreement. The initial rate on your account for certain types of transactions may be an introductory discounted rate (Introductory Rate) that is lower than the rate that would ordinarily apply for that type of transaction. If an Introductory Rate applies to your account, the rates and the period of time it will be effective is shown on the Disclosure accompanying this Agreement. After the Introductory Rate period expires, the periodic rate will automatically increase to the rates that would ordinarily apply for that type of transaction based on the terms of this Agreement. Finance Charges – New purchased posted to your account during a billing cycle will not incur a finance charge for that billing cycle if you had a zero or credit balance at the beginning of that billing cycle, or you paid the entire new balance on the previous cycle’s billing statement by the payment due date of that statement; otherwise a finance charge will accrue from the date a purchase is posted to your account. To avoid an additional finance charge on the balance of purchases, you must pay the entire new balance on the billing statement by the payment due date of that statement. A finance charge begins to accrue on cash advances from the date you get the cash advance or from the first day of the billing cycle in which the cash advance is posted to your account, whichever is later (transaction date). The finance charge is calculated separately for purchases and cash advances. For purchases, the finance charge is computed by applying the periodic rate to the average daily balance of purchases. To calculate the average daily balance of purchases, we take the beginning outstanding balance of purchases each day, add any new purchases, and subtract any payments and/or credits. This gives us the daily balance of purchases. We then add all of the daily balances of purchases for the billing cycle together and divide the total by the...
PERIODIC RATES. The periodic rates applicable to purchases, cash advances, and balance transfers are disclosed on the Disclosure that accompanies this Agreement. Any penalty rate that may be imposed for failing to make a payment by the payment due date is also disclosed on the Disclosure. Any rate change will be made pursuant to applicable law. If the rate for your account is variable, as indicated on the accompanying Disclosure, the rate charged on purchases, cash advances, balance transfers and any penalty rate will vary periodically as disclosed in the Disclosure accompanying this Agreement. The initial rate on your account for certain types of transactions may be an introductory discounted rate (Introductory Rate) that is lower than the rate that would ordinarily apply for that type of transaction. If an Introductory Rate applies to your account, the rates and the period of time it will be effective is shown on the Disclosure accompanying this Agreement. After the Introductory Rate period expires, the periodic rate will automatically increase to the rates that would ordinarily apply for that type of transaction based on the terms of this Agreement. Variable rates may change when the Prime Rate changes. We calculate variable rates by adding a percentage to the Prime Rate published in The Wall Street Journal on the 25th day of each month. If the Journal is not published on that day, then see the immediately preceding edition. If Prime changes, your new rate will take effect on your next billing period. If the APR associated with an offer is variable, the APR will equal: Non-introductory Purchase APR - Prime plus a margin between 4.74% and 14.74%.
PERIODIC RATES. The periodic rates applicable to purchases, cash advances, and balance transfers are disclosed on the Disclosure that accompanies this Agreement. Any penalty rate that may be imposed for failing to make a payment by the payment due date is also disclosed on the Disclosure. The rate charged on purchases, cash advances, balance transfers, and any penalty rate will not vary from month to month unless we notify you in advance that the rate(s) will change as required by law. The initial rate on your account for certain types of transactions may be an introductory discounted rate (Introductory Rate) that is lower than the rate that would ordinarily apply for that type of transaction. If an Introductory Rate applies to your account, the rates and the period of time it will be effective is shown on the Disclosure accompanying this Agreement. After the Introductory Rate period expires, the periodic rate will automatically increase to the rates that would ordinarily apply for that type of transaction based on the terms of this Agreement.
