Common use of Variable Rate Clause in Contracts

Variable Rate. The current ANNUAL PERCENTAGE RATE for all variable rates is shown on the Account Opening Disclosure which has been provided to you with this Agreement. The Daily Periodic Rate and the corresponding ANNUAL PERCENTAGE RATE may change each month on the first day of each of your billing cycles. Each date on which the rate of interest could change is called a “Change Date.” Changes will be based on changes in the “Index.” The Index is the Prime Rate published in the “Money Rates” table of The Wall Street Journal on the business day immediately preceding the day your billing cycle ends. If the Index is no longer available, we will choose a new index which is based upon comparable information and will give you notice of our choice. The ANNUAL PERCENTAGE RATE may increase or decrease each month if the Index changes. Any new rate will be applied as of the first day of your billing cycle during which the Index has changed. If the ANNUAL PERCENTAGE RATE increases, you will pay a higher INTEREST CHARGE, which may result in a higher minimum payment. Your interest rate for Purchases (after the Introductory Period) and Balance Transfers on your Wealth Management World Elite MasterCard Account is based on a variable rate equal to the sum of the Index plus a “Rate Spread” of 3.90 percentage points. The interest rate for Cash Advances on your Account is based on a variable rate equal to the sum of the Index plus a “Rate Spread” of 21.74 percentage points. Immediately before each Change Date we will determine the new interest rate by adding the Rate Spread to the Index. The new interest rate will become effective at the start of your first billing cycle after the Change Date. Only one ANNUAL PERCENTAGE RATE and Daily Periodic Rate will be in effect for each Balance Category during the billing period. The ANNUAL PERCENTAGE RATE will not exceed the maximum rate permitted by law. The effect of any increase in the Annual Percentage Rate ANNUAL PERCENTAGE RATE and the Daily Periodic Rate would be to increase the amount of INTEREST CHARGE or interest you must pay and thus increase your monthly payments.

Variable Rate. The current ANNUAL PERCENTAGE RATE for all variable rates is shown on the Account Opening Disclosure which has been provided to you with this Agreement. The Daily Periodic Rate and the corresponding ANNUAL PERCENTAGE RATE APR may change each month increase or decrease on the first day of each of your billing cycles. Each date on which the rate of interest could change is called a “Change Date.” Changes will be subsequent monthly Billing Cycle based on changes in the prime rate (“Index.” ”). The APR is calculated by adding the amount of margin stated below to the Index. The Index is the Prime Rate prime rate published in the “Money Rates” table Rates section of The Wall Street Journal on the 25th day of each month. If the Index is not published on that day, the Index on the next business day immediately preceding will be used. Any increase in the day APR may increase the amount of interest charged to your billing cycle endsAccount and the total amount you must pay, and may take the form of an increase in the monthly Minimum Payment. If the Index is no longer available, we will choose a new index which that is based upon comparable information and will give you notice of our choiceinformation. The ANNUAL PERCENTAGE RATE may increase or decrease each month if the Index changes. Any new rate APR for purchases and cash advances will be applied as of the first day of your billing cycle during which the Index has changed. If the ANNUAL PERCENTAGE RATE increases, you will pay a higher INTEREST CHARGE, which may result in a higher minimum payment. Your interest rate for Purchases (after the Introductory Period) and Balance Transfers on your Wealth Management World Elite MasterCard Account is based on a variable rate equal to the sum of the Index plus a “Rate Spread” of 3.90 percentage points. The interest rate for Cash Advances on your Account is based on a variable rate equal to the sum of the Index plus a “Rate Spread” of 21.74 percentage points. Immediately before each Change Date we will determine the new interest rate determined by adding the Rate Spread a margin of 25.74% to the Index. INTEREST CHARGES are imposed on purchases beginning on the date a purchase is posted to your Account. However, INTEREST CHARGES will not be imposed on purchases made in any Billing Cycle in which the previous balance shown on your Monthly Billing Statement is zero and you pay your new balance in full by the Payment Due Date shown on your Monthly Billing Statement. INTEREST CHARGES are imposed on cash advances beginning on the date a cash advance is obtained and continuing until the balance of your Account is paid in full. There is no time in which you can pay the balance of cash advances in order to completely avoid INTEREST CHARGES. INTEREST CHARGES for a Billing Cycle are calculated separately for purchases and cash advances. There is no minimum INTEREST CHARGE. The INTEREST CHARGE calculation begins on the date the transaction is posted to your Account. For purchases, the INTEREST CHARGE is computed by multiplying the monthly periodic rate by the average daily balance of purchases. To determine the average daily balance of purchases, we take the beginning outstanding balance of purchases each day, add any new interest purchases, and subtract any payments and/or credits. This gives us the daily balance of purchases. (Any daily balance that is a credit balance is treated as zero ($0.00) balance.) Then, we add all the daily balances of purchases for the Billing Cycle together and divide the total by the number of days in the Billing Cycle. This gives us the average daily balance of purchases. For cash advances, the INTEREST CHARGE is computed by multiplying the monthly periodic rate by the average daily balance of cash advances. To get the average daily balance of cash advances, we take the beginning outstanding balance of cash advances each day, add in any new cash advances, and subtract any payments and/or credits that we apply to the cash advance balance. This gives us the daily balance of cash advances. (Any daily balance that is a credit balance is treated as zero ($0.00) balance.) Then, we add all the daily balances of cash advances for the Billing Cycle together and divide the total by the number of days in the Billing Cycle. This gives us the average daily balance of cash advances. FEES AND OTHER CHARGES: Your Account is subject to the following Fees and Other Charges, each of which may be charged to your Account: Cash Advance Fee. In addition to the INTEREST CHARGE on cash advances, there is a fee of 5% or $5.00, whichever is greater, for each cash advance posted to your Account that month (“Cash Advance Fee”). NO CASH ADVANCES ARE PERMITTED DURING THE FIRST 95 DAYS AN ACCOUNT IS OPEN. Cash Advance Fees will become effective not be assessed during the first twelve (12) months after your Account is open. Additional Card Fee. Your Account will be assessed a one-time additional card fee of $30.00 for each authorized user you add to your Account. Foreign Currency Transaction Fee. Your Account will be assessed a foreign currency transaction fee equal to 3% of any transaction made in a foreign currency that is converted to U.S. Dollars. This fee will not be assessed to foreign transactions made in the first 12 months your Account is open. Annual Fee. Your Account will be assessed an Annual Fee of $125.00 (“Annual Fee”) for the first year and $96.00 each subsequent year. The Annual Fee will be billed to your Account once the Account is opened, and on or about your anniversary date each year. Your payment of the Annual Fee does not affect our right to close your Account or our ability to limit transactions on your Account. Annual Fee Renewal Refund Disclosure. We will refund the Annual Fee charged to your Account if you notify us, within 30 days from the date of the Monthly Billing Statement on which it appears, that you wish to close your Account. Monthly Maintenance Fee. Your Account will be assessed a monthly maintenance fee, which will be billed at $10.00 per month to your Account (“Monthly Maintenance Fee”) at the start end of your first billing cycle after the Change Date. Only one ANNUAL PERCENTAGE RATE and Daily Periodic Rate will be in effect for each Balance Category during the billing periodBilling Cycle. The ANNUAL PERCENTAGE RATE Monthly Maintenance Fee will not exceed the maximum rate permitted by law. The effect of any increase be billed in the Annual Percentage Rate ANNUAL PERCENTAGE RATE and first 12 months your Account is open. Your payment of the Daily Periodic Rate would be Monthly Maintenance Fee does not affect our right to increase the amount of INTEREST CHARGE close your Account or interest you must pay and thus increase our ability to limit transactions on your monthly paymentsAccount.

Variable Rate. The current ANNUAL PERCENTAGE RATE for all variable rates is shown interest rate that will apply to your Purchase and Cash Advance balances will vary based on the Account Opening Disclosure which has been provided to you with this Agreementapplication of an index and margin. The Daily Periodic Rate and the corresponding ANNUAL PERCENTAGE RATE Variable rates may change when the Prime Rate changes. We calculate each month variable rate by adding a margin to the Prime Rate published in The Wall Street Journal on the first second business day of each of your billing cyclesmonth. Each date If The Wall Street Journal is not published on which the rate of interest could change is called a “Change Date.” Changes that day, then we will be based on changes in the “Index.” The Index is use the Prime Rate published in the “Money Rates” table of The Wall Street Journal on the business day immediately preceding the day your billing cycle endsedition. If the Index is no longer availablePrime Rate changes, we your new rates will choose a new index which is based upon comparable information and will give you notice of our choice. The ANNUAL PERCENTAGE RATE may increase or decrease each month if the Index changes. Any new rate will be applied as of take effect on the first day of your next billing cycle during which the Index has changed. If the ANNUAL PERCENTAGE RATE increases, you will pay a higher INTEREST CHARGE, which may result in a higher minimum payment. Your interest rate for Purchases (after the Introductory Period) and Balance Transfers on your Wealth Management World Elite MasterCard Account is based on a variable rate equal to the sum of the Index plus a “Rate Spread” of 3.90 percentage pointscycle. The interest rate for Cash Advances Annual Percentage Rates applicable to purchases and cash advances are disclosed on your Account is based on a variable rate equal to the sum of the Index plus a “Rate Spread” of 21.74 percentage points. Immediately before each Change Date we will determine the new interest rate by adding the Rate Spread to the Index. The new interest rate will become effective at the start of your first billing cycle after the Change DatePricing Information table accompanying this agreement. Only one ANNUAL PERCENTAGE RATE Annual Percentage Rate and Daily Monthly Periodic Rate will be in effect for each Balance Category during the billing period. The ANNUAL PERCENTAGE RATE Annual Percentage Rate will not exceed the maximum rate permitted by law. Any rate change will be made pursuant to applicable 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 rate and the period of time it will be effective is shown on the Pricing Information. After the Introductory Rate expires, if applicable, the Annual Percentage Rate will automatically increase to the rates that would ordinarily apply for that type of transaction based on the terms of this agreement. The effect of any increase in the Annual Percentage Rate ANNUAL PERCENTAGE RATE and the Daily Monthly Periodic Rate would be to increase the amount of INTEREST CHARGE CHARGE, or interest you must pay pay, and thus increase your monthly payments.

Variable Rate. The current ANNUAL PERCENTAGE RATE for all variable rates is shown on the Account Opening Disclosure which has been provided to you with this Agreement. The Daily Periodic Rate and the corresponding ANNUAL PERCENTAGE RATE may change each month on the first day of each of your billing cycles. Each date on which the rate of interest could change is called a “Change Date.” Changes will be based on changes in the “Index.” The Index is the Prime Rate published in the “Money Rates” table of The Wall Street Journal on the business day immediately preceding the day your billing cycle ends. If the Index is no longer available, we will choose a new index which is based upon comparable information and will give you notice of our choice. The ANNUAL PERCENTAGE RATE may increase or decrease each month if the Index changes. Any new rate will be applied as of the first day of your billing cycle during which the Index has changed. If the ANNUAL PERCENTAGE RATE increases, you will pay a higher INTEREST CHARGE, which may result in a higher minimum payment. Your interest rate for Purchases (after the Introductory Period) and Balance Transfers on your Wealth Management World Elite MasterCard Mastercard Account is based on a variable rate equal to the sum of the Index plus a “Rate Spread” of 3.90 percentage points. The interest rate for Cash Advances on your Account is based on a variable rate equal to the sum of the Index plus a “Rate Spread” of 21.74 percentage points. Immediately before each Change Date we will determine the new interest rate by adding the Rate Spread to the Index. The new interest rate will become effective at the start of your first billing cycle after the Change Date. Only one ANNUAL PERCENTAGE RATE and Daily Periodic Rate will be in effect for each Balance Category during the billing period. The ANNUAL PERCENTAGE RATE will not exceed the maximum rate permitted by law. The effect of any increase in the Annual Percentage Rate ANNUAL PERCENTAGE RATE and the Daily Periodic Rate would be to increase the amount of INTEREST CHARGE or interest you must pay and thus increase your monthly payments.

Variable Rate. The current ANNUAL PERCENTAGE RATE for all variable rates is shown on the Account Opening Disclosure which has been provided to you with this Agreement. The Daily Periodic Rate and the corresponding ANNUAL PERCENTAGE RATE APR may change each month increase or decrease on the first day of each of your billing cycles. Each date on which the rate of interest could change is called a “Change Date.” Changes will be subsequent monthly Billing Cycle based on changes in the prime rate (“Index.” ”). The APR is calculated by adding the amount of margin stated below to the Index. The Index is the Prime Rate prime rate published in the “Money Rates” table Rates section of The Wall Street Journal on the 25th day of each month. If the Index is not published on that day, the Index on the next business day immediately preceding will be used. Any increase in the day APR may increase the amount of interest charged to your billing cycle endsAccount and the total amount you must pay, and may take the form of an increase in the monthly Minimum Payment. If the Index is no longer available, we will choose a new index which that is based upon comparable information and will give you notice of our choiceinformation. The ANNUAL PERCENTAGE RATE may increase or decrease each month if the Index changes. Any new rate APR for purchases and cash advances will be applied as of the first day of your billing cycle during which the Index has changed. If the ANNUAL PERCENTAGE RATE increases, you will pay a higher INTEREST CHARGE, which may result in a higher minimum payment. Your interest rate for Purchases (after the Introductory Period) and Balance Transfers on your Wealth Management World Elite MasterCard Account is based on a variable rate equal to the sum of the Index plus a “Rate Spread” of 3.90 percentage points. The interest rate for Cash Advances on your Account is based on a variable rate equal to the sum of the Index plus a “Rate Spread” of 21.74 percentage points. Immediately before each Change Date we will determine the new interest rate determined by adding the Rate Spread a margin of 25.74% to the Index. INTEREST CHARGES are imposed on purchases beginning on the date a purchase is posted to your Account. However, INTEREST CHARGES will not be imposed on purchases made in any Billing Cycle in which the previous balance shown on your Monthly Billing Statement is zero and you pay your new balance in full by the Payment Due Date shown on your Monthly Billing Statement. INTEREST CHARGES are imposed on cash advances beginning on the date a cash advance is obtained and continuing until the balance of your Account is paid in full. There is no time in which you can pay the balance of cash advances in order to completely avoid INTEREST CHARGES. INTEREST CHARGES for a Billing Cycle are calculated separately for purchases and cash advances. There is no minimum INTEREST CHARGE. The INTEREST CHARGE calculation begins on the date the transaction is posted to your Account. For purchases, the INTEREST CHARGE is computed by multiplying the monthly periodic rate by the average daily balance of purchases. To determine the average daily balance of purchases, we take the beginning outstanding balance of purchases each day, add any new interest purchases, and subtract any payments and/or credits. This gives us the daily balance of purchases. (Any daily balance that is a credit balance is treated as zero ($0.00) balance.) Then, we add all the daily balances of purchases for the Billing Cycle together and divide the total by the number of days in the Billing Cycle. This gives us the average daily balance of purchases. For cash advances, the INTEREST CHARGE is computed by multiplying the monthly periodic rate by the average daily balance of cash advances. To get the average daily balance of cash advances, we take the beginning outstanding balance of cash advances each day, add in any new cash advances, and subtract any payments and/or credits that we apply to the cash advance balance. This gives us the daily balance of cash advances. (Any daily balance that is a credit balance is treated as zero ($0.00) balance.) Then, we add all the daily balances of cash advances for the Billing Cycle together and divide the total by the number of days in the Billing Cycle. This gives us the average daily balance of cash advances. FEES AND OTHER CHARGES: Your Account is subject to the following Fees and Other Charges, each of which may be charged to your Account: Cash Advance Fee. In addition to the INTEREST CHARGE on cash advances, there is a fee of 5% or $5.00, whichever is greater, for each cash advance posted to your Account that month (“Cash Advance Fee”). NO CASH ADVANCES ARE PERMITTED DURING THE FIRST 95 DAYS AN ACCOUNT IS OPEN. Cash Advance Fees will become effective not be assessed during the first twelve (12) months after your Account is open. Additional Card Fee. Your Account will be assessed a one-time additional card fee of $30.00 for each authorized user you add to your Account. Foreign Currency Transaction Fee. Your Account will be assessed a foreign currency transaction fee equal to 3% of any transaction made in a foreign currency that is converted to U.S. Dollars. This fee will not be assessed to foreign transactions made in the first 12 months your Account is open. Annual Fee. Your Account will be assessed an Annual Fee of $125.00 (“Annual Fee”) for the first year and $96.00 each subsequent year. The Annual Fee will be billed to your Account once the Account is opened, and on or about your anniversary date each year. Your payment of the Annual Fee does not affect our right to close your Account or our ability to limit transactions on your Account. Annual Fee Renewal Refund Disclosure. We will refund the Annual Fee charged to your Account if you notify us, within 30 days from the date of the Monthly Billing Statement on which it appears, that you wish to close your Account. Monthly Maintenance Fee. Your Account will be assessed a monthly maintenance fee, which will be billed at $5.00 per month to your Account (“Monthly Maintenance Fee”) at the start end of your first billing cycle after the Change Date. Only one ANNUAL PERCENTAGE RATE and Daily Periodic Rate will be in effect for each Balance Category during the billing periodBilling Cycle. The ANNUAL PERCENTAGE RATE Monthly Maintenance Fee will not exceed the maximum rate permitted by law. The effect of any increase be billed in the Annual Percentage Rate ANNUAL PERCENTAGE RATE and first 12 months your Account is open. Your payment of the Daily Periodic Rate would be Monthly Maintenance Fee does not affect our right to increase the amount of INTEREST CHARGE close your Account or interest you must pay and thus increase our ability to limit transactions on your monthly paymentsAccount.