Common use of Revenue Experience Clause in Contracts

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Months Ended March 31, 2017 Year Ended December 31, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Revenue .................................. Interest Earned ..................... $357,399,283 $1,410,388,040 $1,194,797,139 $1,165,313,391 Fees ...................................... $257,277,758 $1,138,674,999 $997,993,897 $1,002,797,642 Average Pool Balance $11,159,460,029 $11,243,136,886 $9,714,398,562(1) $9,536,364,983(2) Average Revenue Yield(3) ....... 22.03% 22.68% 22.57% 22.71%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Months Ended March 31, 2017 Year Ended December 31, 2016 2019 Year Ended December 31, 2015 2018 Year Ended December 31, 2014 Revenue .................................. 2017 Revenue................................... Interest Earned ..................... $357,399,283 1,371,624,313 $1,410,388,040 1,398,096,791 $1,194,797,139 $1,165,313,391 1,391,550,575 Fees ...................................... $257,277,758 1,120,847,676 $1,138,674,999 1,148,537,436 $997,993,897 $1,002,797,642 1,142,538,716 Average Pool Balance $11,159,460,029 $11,243,136,886 $9,714,398,562(1Balance(1) $9,536,364,983(2) 10,800,808,684 $11,104,635,225 $11,182,952,439 Average Revenue Yield(3Yield(2) ....... 22.0323.08% 22.6822.93% 22.57% 22.7122.66%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Months Ended March 31, 2017 Year Ended December 31, 2016 2022 Year Ended December 31, 2015 2021 Year Ended December 31, 2014 Revenue .................................. 2020 Revenue................................... Interest Earned ..................... $357,399,283 1,189,283,122 $1,410,388,040 1,151,466,012 $1,194,797,139 $1,165,313,391 1,300,767,251(1) Fees ...................................... $257,277,758 1,298,372,406 $1,138,674,999 1,169,691,425 $997,993,897 $1,002,797,642 1,034,171,990 Average Pool Balance ............. $11,159,460,029 $11,243,136,886 $9,714,398,562(19,704,632,152(2) $9,536,364,983(29,343,327,820 $9,935,627,017(3) Average Revenue Yield(3Yield(4) ....... 22.0325.64% 22.6824.85% 22.57% 22.7123.52%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Months Ended March 31, 2017 2020 Year Ended December 31, 2016 2019 Year Ended December 31, 2015 2018 Year Ended December 31, 2014 2017 Revenue .................................. Interest Earned ..................... $357,399,283 339,076,135 $1,410,388,040 1,371,624,313 $1,194,797,139 1,398,096,791 $1,165,313,391 1,391,550,575 Fees ...................................... $257,277,758 237,279,771 $1,138,674,999 1,120,847,676 $997,993,897 1,148,537,436 $1,002,797,642 1,142,538,716 Average Pool Balance $11,159,460,029 $11,243,136,886 $9,714,398,562(1Balance(1) $9,536,364,983(2) 10,419,981,454 $10,800,808,684 $11,104,635,225 $11,182,952,439 Average Revenue Yield(3Yield(2) ....... 22.0322.12% 22.6823.08% 22.5722.93% 22.7122.66%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Nine Months Ended March 31, 2017 Year Ended December 31September 30, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Year Ended December 31, 2013 Revenue .................................. Interest Earned ..................... $357,399,283 $1,410,388,040 1,059,391,472 $1,194,797,139 $1,165,313,391 $981,046,278 Fees ...................................... $257,277,758 $1,138,674,999 841,449,846 $997,993,897 $1,002,797,642 $798,802,322 Average Pool Balance $11,159,460,029 $11,243,136,886 11,203,884,911 $9,714,398,562(1) $9,536,364,983(2) $8,305,415,067 Average Revenue Yield(3) ....... 22.03% 22.6822.63% 22.57% 22.71% 21.44%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Six Months Ended March June 30, 2018 Year Ended December 31, 2017 Year Ended December 31, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Revenue .................................. Interest Earned ..................... $357,399,283 695,296,895 $1,391,550,575 $1,410,388,040 $1,194,797,139 $1,165,313,391 Fees ...................................... $257,277,758 556,868,238 $1,142,538,716 $1,138,674,999 $997,993,897 $1,002,797,642 Average Pool Balance $11,159,460,029 11,041,947,656 $11,182,952,439 $11,243,136,886 $9,714,398,562(1) $9,536,364,983(2) Average Revenue Yield(3Yield(2) ....... 22.0322.68% 22.66% 22.68% 22.57% 22.71%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Nine Months Ended March September 30, 2018 Year Ended December 31, 2017 Year Ended December 31, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Revenue .................................. Interest Earned ..................... $357,399,283 1,041,235,608 $1,391,550,575 $1,410,388,040 $1,194,797,139 $1,165,313,391 Fees ...................................... $257,277,758 843,523,653 $1,142,538,716 $1,138,674,999 $997,993,897 $1,002,797,642 Average Pool Balance $11,159,460,029 11,081,072,930 $11,182,952,439 $11,243,136,886 $9,714,398,562(1) $9,536,364,983(2) Average Revenue Yield(3Yield(2) ....... 22.0322.68% 22.66% 22.68% 22.57% 22.71%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Six Months Ended March June 30, 2019 Year Ended December 31, 2018 Year Ended December 31, 2017 Year Ended December 31, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Revenue .................................. Interest Earned ..................... $357,399,283 681,679,881 $1,398,096,791 $1,391,550,575 $1,410,388,040 $1,194,797,139 $1,165,313,391 Fees ...................................... $257,277,758 539,806,138 $1,148,537,436 $1,142,538,716 $1,138,674,999 $997,993,897 $1,002,797,642 Average Pool Balance Balance(1) $11,159,460,029 10,794,506,492 $11,104,635,225 $11,182,952,439 $11,243,136,886 $9,714,398,562(1) $9,536,364,983(2) Average Revenue Yield(3Yield(2) ....... 22.0322.64% 22.93% 22.66% 22.68% 22.57% 22.71%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Months Ended March 31, 2018 Year Ended December 31, 2017 Year Ended December 31, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Revenue .................................. Interest Earned ..................... $357,399,283 353,968,179 $1,391,550,575 $1,410,388,040 $1,194,797,139 $1,165,313,391 Fees ...................................... $257,277,758 260,740,477 $1,142,538,716 $1,138,674,999 $997,993,897 $1,002,797,642 Average Pool Balance $11,159,460,029 11,084,694,761 $11,182,952,439 $11,243,136,886 $9,714,398,562(1) $9,536,364,983(2) Average Revenue Yield(3Yield(2) ....... 22.0322.17% 22.66% 22.68% 22.57% 22.71%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Six Months Ended March 31, 2017 Year Ended December 31June 30, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Year Ended December 31, 2013 Revenue .................................. Interest Earned ..................... $357,399,283 $1,410,388,040 705,725,640 $1,194,797,139 $1,165,313,391 $981,046,278 Fees ...................................... $257,277,758 $1,138,674,999 552,996,947 $997,993,897 $1,002,797,642 $798,802,322 Average Pool Balance $11,159,460,029 $11,243,136,886 11,161,215,746 $9,714,398,562(1) $9,536,364,983(2) $8,305,415,067 Average Revenue Yield(3) ....... 22.03% 22.6822.57% 22.57% 22.71% 21.44%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Months Ended March 31, 2017 Year Ended December 31, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Year Ended December 31, 2013 Revenue .................................. Interest Earned ..................... $357,399,283 $1,410,388,040 360,617,690 $1,194,797,139 $1,165,313,391 $981,046,278 Fees ...................................... $257,277,758 $1,138,674,999 258,544,853 $997,993,897 $1,002,797,642 $798,802,322 Average Pool Balance $11,159,460,029 $11,243,136,886 11,201,875,904 $9,714,398,562(1) $9,536,364,983(2) $8,305,415,067 Average Revenue Yield(3) ....... 22.03% 22.6822.13% 22.57% 22.71% 21.44%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Months Ended March 31, 2019 Year Ended December 31, 2018 Year Ended December 31, 2017 Year Ended December 31, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Revenue .................................. Interest Earned ..................... $357,399,283 347,648,950 $1,398,096,791 $1,391,550,575 $1,410,388,040 $1,194,797,139 $1,165,313,391 Fees ...................................... $257,277,758 250,563,191 $1,148,537,436 $1,142,538,716 $1,138,674,999 $997,993,897 $1,002,797,642 Average Pool Balance Balance(1) $11,159,460,029 10,843,501,181 $11,104,635,225 $11,182,952,439 $11,243,136,886 $9,714,398,562(1) $9,536,364,983(2) Average Revenue Yield(3Yield(2) ....... 22.0322.07% 22.93% 22.66% 22.68% 22.57% 22.71%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Months Ended March 31, 2017 Year Ended Year Ended Year Ended Revenue ................................... December 31, 2016 Year Ended 2020 December 31, 2015 Year Ended 2019 December 31, 2014 Revenue .................................. 2018 Interest Earned ..................... $357,399,283 1,300,767,251(1) $1,410,388,040 1,371,624,313 $1,194,797,139 $1,165,313,391 1,398,096,791 Fees ...................................... $257,277,758 1,034,171,990 $1,138,674,999 1,120,847,676 $997,993,897 $1,002,797,642 1,148,537,436 Average Pool Balance ............. $11,159,460,029 $11,243,136,886 $9,714,398,562(19,935,627,017(2) $9,536,364,983(2) 10,800,808,684 $11,104,635,225 Average Revenue Yield(3) ....... 22.0323.52% 22.6823.08% 22.57% 22.7122.93%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Months Year Ended March 31, 2017 Year Ended Year Ended December 31, 2016 Year Ended 2023 December 31, 2015 Year Ended 2022 December 31, 2014 2021 Revenue .................................. ................................... Interest Earned ..................... $357,399,283 1,542,224,018 $1,410,388,040 1,189,283,122 $1,194,797,139 $1,165,313,391 1,151,466,012 Fees ...................................... $257,277,758 1,485,202,837 $1,138,674,999 1,298,372,406 $997,993,897 $1,002,797,642 1,169,691,425 Average Pool Balance ............. $11,159,460,029 11,701,110,170 $11,243,136,886 $9,714,398,562(19,704,632,152(1) $9,536,364,983(2) 9,343,327,820 Average Revenue Yield(3Yield(2) ....... 22.0325.87% 22.6825.64% 22.57% 22.7124.85%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Months Year Ended March December 31, 2018 Year Ended December 31, 2017 Year Ended December 31, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Revenue .................................. ................................ Interest Earned ..................... ................... $357,399,283 1,398,096,791 $1,391,550,575 $1,410,388,040 Fees .................................... $1,194,797,139 1,148,537,436 $1,165,313,391 Fees ...................................... $257,277,758 1,142,538,716 $1,138,674,999 $997,993,897 $1,002,797,642 Average Pool Balance Balance(1) $11,159,460,029 11,104,635,225 $11,182,952,439 $11,243,136,886 $9,714,398,562(1) $9,536,364,983(2) Average Revenue Yield(3Yield(2) ....... 22.03..... 22.93% 22.66% 22.68% 22.57% 22.71%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Months Year Ended March December 31, 2017 Year Ended December 31, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Revenue .................................. ................................ Interest Earned ..................... ................... $357,399,283 1,391,550,575 $1,410,388,040 $1,194,797,139 Fees .................................... $1,165,313,391 Fees ...................................... $257,277,758 1,142,538,716 $1,138,674,999 $997,993,897 $1,002,797,642 Average Pool Balance $11,159,460,029 11,182,952,439 $11,243,136,886 $9,714,398,562(1) $9,536,364,983(2) Average Revenue Yield(3Yield(2) ....... 22.03..... 22.66% 22.68% 22.57% 22.71%

Revenue Experience. The revenue experience in the following table is presented before deduction for write-offs. Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases. Revenue Experience for the Accounts (unaudited) Three Months Ended March 31, 2017 Year Ended December 31, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Revenue .................................. ................................ Interest Earned ..................... $357,399,283 ................... $1,410,388,040 $1,194,797,139 $1,165,313,391 Fees ...................................... $257,277,758 .................................... $1,138,674,999 $997,993,897 $1,002,797,642 Average Pool Balance $11,159,460,029 $11,243,136,886 $9,714,398,562(19,714,398,562 (1) $9,536,364,983(2) Average Revenue Yield(3) ....... 22.03% ..... 22.68% 22.57% 22.71%