Variable Annual Percentage Rate. The Annual Percentage Rate means the annual rate of interest charged on Account balances. The Annual Percentage Rate is determined each Billing Cycle by adding the applicable margins listed in the Interest Rate and Fee Disclosure Table to the Index Rate. The “Index Rate” is the highest prime rate published in the Money Rates section of The Wall Street Journal. The monthly period rate is calculated by dividing the Annual Percentage Rate by 12 (the “Periodic Rate”). The Annual Percentage Rate and the Periodic Rate vary monthly and shall be adjusted on the first day of each month (“Change Date”). However, the Change Date is not the date that the new rate is effective. The effective date of any change to the Index Rate is the 1st business day of the month after the Change Date (“Effective Date”). Business days are Monday through Friday, excluding legal holidays. Beginning as of the first day of the Billing Cycle during which the Effective Date falls, the monthly Periodic Rate then in effect will be applied to the balance owing on the Account to determine the interest charges for such Billing Cycle. An adjustment in the monthly Periodic Rate and corresponding Annual Percentage Rate will apply both to any existing balances outstanding on the Account in the Billing Cycle during which the Effective Date falls and to new cash advances (including any balance transfers from other credit card accounts), credit purchases, and other charges. An increase or decrease in the Index Rate will cause an increase or decrease in the monthly Periodic Rate and corresponding Annual Percentage Rate and may increase the amount and number of minimum payments. If the Index Rate ceases to be made available, we may substitute a substantially similar index.
Variable Annual Percentage Rate. The current monthly Periodic Rate and corresponding ANNUAL PERCENTAGE RATE for new accounts are disclosed on the accompanying card mailer. These rates may vary monthly and shall be adjusted on the first day of each billing period (“Change Date”). The ANNUAL PERCENTAGE RATE on each Change Date shall equal the highest prime rate published in The Wall Street Journal “Money Rates” tables on the first date of publication in the calendar month preceding each Change Date (“Index Rate”), PLUS a Margin. For more information on current margin(s), please refer to the Application Solicitation Disclosure or Account Opening Disclosure. The monthly Periodic Rate is 1/12th of the ANNUAL PERCENTAGE RATE. Beginning on the date an adjustment in the rate is effective and until the next Change Date, the monthly Periodic Rate then in effect will be applied to the balance in the Account to determine the Interest Charges. An adjustment in the monthly Periodic Rate and corresponding ANNUAL PERCENTAGE RATE will apply both to the outstanding balances in the Account and to new cash advances, (including any balance transfers from other credit card accounts), credit purchases, and other charges. An increase or decrease in the Index Rate will cause an increase or decrease in the monthly Periodic Rate and corresponding ANNUAL PERCENTAGE RATE and may increase the amount and number of minimum payments. If the Index Rate ceases to be made available, Issuer may substitute a substantially similar index and margin.
Variable Annual Percentage Rate. The current monthly periodic rate and corresponding APR for Purchases and Balance Transfers are disclosed on the accompanying disclosure. These rates may vary monthly and shall be adjusted on the first day of each billing period (“Change Date”). The APR on each Change Date shall equal the highest Prime Rate published in The Wall Street Journal on the first date of publication in the calendar month preceding each change date (“Index Rate”), plus a margin. The monthly periodic rate for Purchases and Balance Transfers is 1/12th of the APR in effect for that billing period rounded to the nearest one hundredth of a percentage point. Beginning on the date an adjustment in the rate is effective and until the next Change Date, the monthly periodic rate then in effect will be applied to the balance in the account to determine the interest charges. The daily periodic rate for Cash Advances is 1/365 of the APR in effect for the billing period rounded to the nearest one hundredth of a percentage point. Interest charges for Cash Advances will begin on the date of the transaction. An adjustment in the monthly periodic rate and corresponding APR will apply both to the outstanding balances in the account and to new Cash Advances, (including any Balance Transfers from other credit card accounts), credit purchase, and other charges. An increase or decrease in the Index Rate will cause an increase or decrease in the monthly periodic rate and corresponding APR and may increase the amount and number of minimum payments. The Prime Rate is simply a reference index and is not the lowest interest rate available. If The Wall Street Journal stops publishing the Prime Rate, the Issuer will select a similar reference rate.
Variable Annual Percentage Rate. (APR) - Your actual Annual Percentage Rate (APR) will be based on your cumulative credit history. A review of your credit history will be conducted semi annually each year and your APR may be adjusted accordingly, which could result in an increase or decrease to your total interest paid. Rates will adjust based on your primary card holder‘s credit score: Fico Score VISA® Platinum 760 and above Prime +5.75% 720-759 Prime + 6.75% 680-719 Prime + 7.75% 640-679 Prime + 9.75% Zero-639 Prime + 12.75% Fico Score VISA® Rewards 760 and above Prime +6.75% 720-759 Prime + 7.75% 680-719 Prime + 8.75% 640-679 Prime + 10.75% Zero-639 Prime + 13.75%
