Daily Periodic Interest Rate or "DPR" is the term used for the APR that applies to your daily balance on your Account. "Margin" is the term used for the percentage rate we add to the Prime Rate to determine your APR. See your Apple Wallet for the APR, DPR, and Margin. HOW WE DETERMINE INTEREST RATE(S) How We Determine the Applicable APR For Purchase Transactions, the APR equals the Prime Rate plus the Margin that applies to your Account. Variable APRs may increase or decrease each month if the Prime Rate changes. Your Purchase Transactions APR is a variable rate. If the Prime Rate changes, the new variable APRs will take effect as of the first day of the next month and apply to existing and new balances. Any increase in the Prime Rate may result in an increase to your interest and Minimum Payment Due. APRs will never exceed the maximum rates permitted by applicable law.
Daily Periodic Interest Rate or "DPR" is the term used for the APR that applies to your daily balance on your Account.
Daily Periodic Interest Rate or "DPR" is the term used for the APR that applies to your daily balance on your Account. "Margin" is the term used for the percentage rate we add to the Prime Rate to determine your APR. See your Apple Wallet for the APR, DPR, and Margin. HOW WE DETERMINE INTEREST RATE(S) How We Determine the Applicable APR For Purchase Transactions, the APR equals the Prime Rate plus the Margin that applies to your Account. Variable APRs may increase or decrease each month if the Prime Rate changes. Your Purchase Transactions APR is a variable rate. If the Prime Rate changes, the new variable APRs will take effect as of the first day of the next month and apply to existing and new balances. Any increase in the Prime Rate may result in an increase to your interest and Minimum Payment Due. Variable APRs will not exceed 29.99% and APRs will never exceed the maximum rates permitted by applicable law.