Promotional Rate definition
Promotional Rate. Interest Charges: From time to time and in our sole discretion we may offer a special rate applicable to certain transactions such as particular purchases (as defined by us), balance transfers, cash advances or purchases made by using Convenience Checks. Applicable terms and conditions will be disclosed at the time any such promotion is offered and are incorporated into this Agreement by reference. The promotional rate will apply only to the transactions and for the period of time set forth in any such offer from us. Existing balances and new purchases or advances not expressly subject to any such promotion will remain governed by the terms and conditions of this Agreement. In addition, the terms and conditions of this Agreement will govern your obligations regarding any unpaid balance or transactions that are made subject to any such promotional offer, that are not fully paid within the time period set forth in such promotional offer.
Promotional Rate. ’ means, in a variable- rate plan, any annual percentage rate that is not based on the index and margin that will be used to make rate adjustments under the plan, if that rate is less than a reasonably current annual percentage rate that would be in effect under the index and margin that will be used to make rate adjustments under the plan.
Promotional Rate. – means a rate of interest lower than the standard interest rate
Examples of Promotional Rate in a sentence
If during an Introductory or Promotional Rate period, we have not received the required minimum monthly payment within 60 days of the respective payment due date, we will increase the applicable APR to the Penalty APR.
An “Introductory Rate” is a Promotional Rate that may be offered in connection with opening your Account.
The exact Promotional Rate Fee will be disclosed at the time the offer is made to you.
We may offer Promotional Rate Plans with promotional periods of different lengths that we will announce from time to time for a specified number of days.
The finance charge Promotional Rate is 0% APR and shall apply for 12 billing cycles from when the balance was transferred.
More Definitions of Promotional Rate
Promotional Rate means the percentage set by Bank used in calculating the Program Fee payable in connection with each submission by Retailer to Bank of Charge Transaction Data pertaining to a purchase that is subject to an approved credit-based promotion.
Promotional Rate means the preferential rate that applies to Promotional Transactions during the Promotional Period;
Promotional Rate means any annual percentage rate applicable to one or more balances or transactions on an open-end (not home-secured) plan for a specified period of time that is lower than the annual percentage rate that will be in effect at the end of that period on such balances or transactions.
Promotional Rate. – means a rate of interest lower than the standard interest rate applied to a Transaction.
Promotional Rate means the applicable promotional interest rate as set out in Paragraph 2.1.
Promotional Rate. A modified interest rate on a Mortgage Loan, modified in connection with any Promotional Advance offered to Mortgagors.
Promotional Rate. Finance Charges: From time to time and in our sole discretion we may offer a special rate applicable to certain transactions such as particular purchases (as defined by us), balance transfers, cash advances or purchases made by using Convenience Checks. Applicable terms and conditions will be disclosed at the time any such promotion is offered, and are incorporated into this Agreement by reference. The promotional rate will apply only to the transactions and for the period of time set forth in any such offer from us. Existing balances and new purchases or advances not expressly subject to any such promotion will remain governed by the terms and conditions of this Agreement. In addition, the terms and conditions of this Agreement will govern your obligations regarding any unpaid balance or transactions that are made subject to any such promotional offer, that are not fully paid within the time period set forth in such promotional offer. At the time of this agreement, your Account is subject to the following terms: PURCHASES and BALANCE TRANSFERS: Your Annual Percentage Rate (APR) for Purchases and Balance Transfer transactions will be 8.99% to 15.99% on the Texans Rate Advantage Visa Card or 9.99% to 13.99% on the Texans Cash Rewards Visa Card, respectively. You will accrue an INTEREST CHARGE at a Daily Periodic rate of .02462%; if your APR is 8.99%. You will accrue an INTEREST CHARGE at a Daily Periodic rate of .02736%; if your APR is 9.99%. You will accrue an INTEREST CHARGE at a Daily Periodic rate of .03284%; if your APR is 11.99%. You will accrue an INTEREST CHARGE at a Daily Periodic rate of .03832%; if your APR is 13.99%. You will accrue an INTEREST CHARGE at a Daily Periodic rate of .04380%; if your APR is 15.99%. You may pay any amount outstanding at any time without penalty for early payments. Your actual APR is determined based on your creditworthiness and other factors.