Common use of Variable APR Clause in Contracts

Variable APR. We use APRs to calculate interest charges on your Account. Your APR will vary with the market based on the U.S. Prime Rate. Any change to your APR will not apply until the first day of your next billing cycle that begins after a rate change date. We will add a “Margin” to the U.S. Prime Rate to determine your standard variable rate. For each billing period, we will use the U.S. Prime Rate published in the Money Rates table of The Wall Street Journal on the 25th day of the month (or next business day if the last day falls on a weekend or holiday). An increase in the “Index” will result in an increase in the APR. A decrease in the “Index” will have the opposite effect of an increase. The maximum APR for your card is 18 .

Variable APR. We use APRs to calculate interest charges on your Account. Your APR will vary with the market based on the U.S. Prime Rate. Any change to your APR will not apply until the first day of your next billing cycle that begins after a rate change date. We will add a “Margin” to Margin”to the U.S. Prime Rate to determine your standard variable rate. For each billing period, we will use the U.S. Prime Rate published in the Money Rates table of The Wall Street Journal on the 25th day of the month (or next business day if the last day falls on a weekend or holiday). An increase in the “Index” will Index”will result in an increase in the APR. A decrease in the “Index” will Index”will have the opposite effect of an increase. The maximum APR for your card is 18 18%.