Common use of Variable Rate Clause in Contracts

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. If this index is no longer available, the credit union will choose a new index which is comparable to the index described herein. We add a margin to the index to obtain the Annual Percentage Rate. The margin We add may range from 7.74% to 15.50% based upon Your credit qualifications. The index is determined the first (1st) day of the billing cycle immediately following the expiration of the Introductory Rate period and subsequently, may be changed on the fifteenth (15th) day of the month immediately preceding the first (1st) day of each billing cycle, rounded to the nearest 0.25 percentage point. The index plus/minus margin equals the Annual Percentage Rate. The Annual Percentage Rate is divided by three hundred sixty-five (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 24.0%. 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

Variable Rate. During an introductory period, We 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 your Annual Percentage Rate will be variable based on the following terms. The interest charge 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. If this index is no longer available, the credit union will choose a new index which is comparable to the index described herein. We add a margin to the index to obtain the Annual Percentage Rate. The margin We we add may range from 7.746.74% to 15.5014.75% based upon Your your credit qualifications. The index is determined the first (1st) 1st day of the billing cycle immediately following the expiration of the Introductory Rate period and subsequently, may be changed on the fifteenth (15th) 15th day of the month immediately preceding proceeding the first (1st) 1st day of each billing cycle, rounded to the nearest 0.25 .25 percentage point. The index plus/minus margin equals the Annual Percentage Rate. The Annual Percentage Rate is divided by three hundred sixty-five (365) 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 you will make. The Annual Percentage Rate will never exceed 24.018.00%. The Annual Percentage Rate and Periodic Rate applicable to Your Account your account will be based upon Your your credit qualification and margin assigned to You you and will be disclosed on a separate disclosure accompanying Your your Card or this Agreement and shown on each monthlymonthly statement. The “Total Interest Charge” shown on your monthly statement consists of the periodic Interest Charge on purchases, the periodic Interest Charge on cash advances and Cash Advance (Interest Charge) fees.

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. If this index is no longer available, the credit union will choose a new index which is comparable to the index described herein. We add a margin to the index to obtain the Annual Percentage Rate. The margin We add may range from 7.746.74% to 15.5014.5% based upon Your credit qualifications. The index is determined the first (1st) day of the billing cycle immediately following the expiration of the Introductory Rate period and subsequently, may be changed on the fifteenth (15th) day of the month immediately preceding the first (1st) day of each billing cycle, rounded to the nearest 0.25 percentage point. The index plus/minus margin equals the Annual Percentage Rate. The Annual Percentage Rate is divided by three hundred sixty-five (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 24.024%. 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

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. If this index is no longer available, the credit union will choose a new index which is comparable to the index described herein. We add a margin to the index to obtain the Annual Percentage Rate. The margin We add may range from 7.74% to 15.50% based upon Your credit qualifications. The index is determined the first (1st) day of the billing cycle immediately following the expiration of the Introductory Rate period and subsequently, may be changed on the fifteenth (15th) day of the month immediately preceding the first (1st) day of each billing cycle, rounded to the nearest 0.25 percentage point. The index plus/minus margin equals the Annual Percentage Rate. The Annual Percentage Rate is divided by three hundred sixty-five (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 24.024%. 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

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. If this index is no longer available, the credit union will choose a new index which is comparable to the index described herein. We add a margin to the index to obtain the Annual Percentage Rate. The margin We add may range from 7.748.74% to 15.5016.50% based upon Your credit qualifications. The index is determined the first (1st) day of the billing cycle immediately following the expiration of the Introductory Rate period and subsequently, may be changed on the fifteenth (15th) day of the month immediately preceding the first (1st) day of each billing cycle, rounded to the nearest 0.25 percentage point. The index plus/minus margin equals the Annual Percentage Rate. The Annual Percentage Rate is divided by three hundred sixty-five (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 24.0%. 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