Common use of Preferred Pricing Clause in Contracts

Preferred Pricing. The daily periodic rate we use to compute the interest on Cash Advances balances is a variable rate equal to the sum of the Prime Rate plus the margin shown on the card carrier divided by 365. The current Preferred Pricing daily periodic rate of interest on Cash Advances is shown on the card carrier, and the corresponding annual percentage rate of interest is shown in the Account-Opening Disclosures on the card carrier.

Appears in 14 contracts

Samples: Credit Card Agreement, Disclosure Statement, Credit Card Agreement

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