PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE a. Standard Rates. The Periodic Rate and corresponding Annual Percentage Rate(s) used to compute the Interest Charge are set forth in the Account Disclosure that accompanies, and is a part of, this Agreement. The Annual Percentage Rate is divided by 12 to obtain the Monthly Periodic Rate.
PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE a. Variable Rate. During an introductory period, we offer a fixed Annual Percentage Rate for purchases, cash advances and balance transfers. The introductory period is six months for purchases and cash advances and nine months for balance transfers. After the introductory period, your Annual Percentage Rate will be variable based on the following terms. The Interest Charge imposed during the billing cycle will be determined by multiplying the Average Daily Balance by the Daily Periodic Rate times the number of days in the billing cycle. The Periodic Rate and Annual Percentage Rate are variable based on a margin and an index, which is the highest Prime Rate published in the Western Edition of the Money Rates Section of the Wall Street Journal. We add a margin to the index to obtain the Annual Percentage Rate. The margin we add may range from 7.74% to 14.75% based upon your credit qualifications. The index is determined the 1st day of the billing cycle immediately following the expiration of the Introductory Rate period and subsequently, on the 15th day of the month immediately proceeding the 1st day of each billing cycle, rounded to the nearest .25 percentage point. The index plus/minus margin equals the Annual Percentage Rate. The Annual Percentage Rate is divided by 365 to determine the Daily Periodic Rate. Changes in the Annual Percentage Rate may affect the amount of the payment and the number of payments you will make. The Annual Percentage Rate will never exceed 18.00%. The Annual Percentage Rate and Periodic Rate applicable to your account will be based upon your credit qualification and margin assigned to you and will be disclosed on a separate disclosure accompanying your Card or this Agreement and shown on each monthly statement. The “
PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE. To determine the periodic rate that will apply to your account, we add a margin of %, to the value of the Index. Then we divide this sum by the number of days in a year (365). This result is the annual percentage rate. Finance charges include interest only and do not include any other charges.
PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE. The Interest Charge imposed during the billing cycle will be determined by multiplying the Average Daily Balance by the Periodic Rate. The Annual Percentage Rate is divided by 12 to produce the monthly rate. The Periodic Rate and Annual Percentage Rate are variable based on an index which is The Wall Street Journal Western Edition Prime Rate plus a margin of between 5-9% depending on your credit qualification. The Annual Percentage Rate may change on the first day of each month but will not change more than once per month. Any increase or decrease in the Annual Percentage Rate will affect the amount of the payment you will make. The Annual Percentage Rate will never be less than 6.0% and never exceed the rate permitted by applicable law. The Annual Percentage Rate applicable to your account will be disclosed to you with your Card and shown on each monthly statement. The “
PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE. The Interest Charge imposed during the billing cycle will be determined by multiplying the Average Daily Balance by the Periodic Rate for purchases, cash advances, and balance transfers. The Annual Percentage Rate is fixed for all cards as follows:
PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE. Rates are variable and subject to change. Unless an introductory rate is in effect, your Annual Percentage Rate (APR) will be calculated by adding a margin to the Prime Rate as published in the Wall Street Journal as of the Wednesday immediately preceding the billing cycle. The margin applicable to your account is in the chart contained in this section and is based on your credit score. The Credit Union may adjust the rate once each month effective the first day of the billing cycle. APR changes will reflect on the following month’s statement. The Annual Percentage Rate includes only interest and no other costs. The Annual Percentage Rate is divided by 365 to produce the daily Periodic Rate. The Periodic Rate and Annual Percentage Rate that will apply to your Account will be disclosed on the notice that accompanies (and is a part of) this Agreement when you open your Account.
PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE. The Interest Charge imposed during the billing cycle will be determined by multiplying the Average Daily Balance by the Periodic Rate. The Annual Percentage Rate is divided by 12 to produce the monthly rate. The Periodic Rate and Annual Percentage Rate are variable based on a margin and an index, which is the highest Prime Rate published in the Western Edition of the Money Rates Section of The Wall Street Journal multiplied by 0.50. We add a margin to the index to obtain the Annual Percentage Rate. The margin we add may range based upon your credit qualification as follows: Platinum - 7% to 14% Journey - 8% to 15% Classic - 9% to 16% The index is determined the 1st day of the month preceding the billing cycle, rounded to the nearest
PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE. The FINANCE CHARGE imposed during the billing cycle will be determined by multiplying the Average Daily Balance by the Monthly Periodic Rate. The ANNUAL PERCENTAGE RATE (APR) is divided by 12 to produce the monthly rate. Your APR may vary with changes to an index which is the Prime Rate as published in The Wall Street Journal five business days before the closing date shown on your billing statement. If The Wall Street Journal stops publishing the Prime Rate, we will select a similar reference rate and inform you on your billing statement or through a separate notice. The rate table shows which rates, if any, are variable rates. The rate table lists the margin for each variable rate and any minimum periodic rate and corresponding APR.
PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE a. Standard Variable Rates. The Periodic Rate and corresponding Annual Percentage Rate(s) used to compute the Interest Charge are set forth in the Account Disclosure that accompanies, and is a part of, this Agreement. The Annual Percentage Rate is divided by 12 to obtain the Monthly Periodic Rate. Your Annual Percentage Rate may change each month based on an index, which is the highest Prime Rate published in The Wall Street Journal. The Annual Percentage Rate will change on the first day of the statement cycle following any change in the index. To determine the Annual Percentage Rate, we add a margin to the index. The amount of the margin for your account is based on your credit profile and will be disclosed on the Account Disclosure that accompanies, and is a part of, this Agreement.
PERIODIC RATE AND CORRESPONDING ANNUAL PERCENTAGE RATE. For all Accounts under this Agreement, the applicable Periodic Rate and corresponding ANNUAL PERCENTAGE RATE used to compute the Interest Charge is shown on the Loan Rate Schedule provided to you with this Agreement.
