Common use of Variable Annual Percentage Rate Clause in Contracts

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 Annual Percentage Rate means ANNUAL PERCENTAGE RATES for Account plans (such as purchases, cash advances and balance transfers) are disclosed on the annual rate of interest charged on Account balancesOpening Disclosure. 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 These rates may vary monthly and shall will be adjusted on the first day of each month billing period commencing after the new rate is published in the Wall Street Journal (“Change Date”). However, the The ANNUAL PERCENTAGE RATE on each Change Date is not based on the date that the new rate is effectivevalue of an index PLUS a margin. The effective “Index” is the Wall Street Journal Prime Rate. Information about the Index is available or published in the “Money Rates” section of the Wall Street Journal. We will use the most recent Index available to us as of the last date of any change to publication in the Index Rate is the 1st business day of the calendar month after the preceding each Change Date (“Effective DateIndex Rate”). Business days are Monday through FridayIf the Index is no longer available, excluding legal holidayswe will choose a new Index and margin. Beginning as of The new Index will have an historical movement substantially similar to the first day of original Index, and the Billing Cycle during which new Index and margin will result in an annual percentage rate that is substantially similar to the Effective Date falls, the monthly Periodic Rate then rate in effect will be applied to at the balance owing on time 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 chargesoriginal Index becomes unavailable. An increase or decrease in the Index Rate will cause an increase or decrease in the monthly Periodic Rate and corresponding Annual Percentage Rate ANNUAL PERCENTAGE RATE and may increase the amount and number of minimum payments. If Unless prohibited by law, there is no limitation on the Index amount the Periodic Rate ceases and corresponding ANNUAL PERCENTAGE RATE may increase. The “Periodic Rate” used to calculate interest charges is a daily periodic rate, which is calculated by dividing the ANNUAL PERCENTAGE RATE or APR by the number of days in the year (365 days or 366 days in a leap year). Beginning on the date an adjustment in the rate is effective and until the next Change Date, the daily Periodic Rate then in effect will be made availableapplied to the average daily balance in the account to determine the interest charges. An adjustment in the daily Periodic Rate and corresponding ANNUAL PERCENTAGE RATE will apply both to the outstanding balances in the account and to new cash advances, we may substitute a substantially similar indexany balance transfers from other credit card accounts, credit purchases, and other charges.

Variable Annual Percentage Rate. The Annual Percentage Rate means ANNUAL PERCENTAGE RATES for Account plans (such as Purchases, Cash Advances and Balance Transfers) are disclosed on the annual rate of interest charged on Account balancesACCOUNT OPENING DISCLOSURE. 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 These rates may vary monthly and shall will be adjusted on the first day of each month billing period (“Change Date”). However, the The ANNUAL PERCENTAGE RATE on each Change Date is not based on the date that the new rate is effectivevalue of an index PLUS a margin. The effective “Index” is the Wall Street Journal Prime Rate. Information about the Index is available or published in the “Money Rates” section of the Wall Street Journal. We will use the most recent Index available to us as of the last date of any change to publication in the Index Rate is the 1st business day of the calendar month after the preceding each Change Date (“Effective DateIndex Rate”). Business days are Monday through FridayIf the Index is no longer available, excluding legal holidayswe will choose a new Index and margin. Beginning as of The new Index will have an historical movement substantially similar to the first day of original Index, and the Billing Cycle during which new Index and margin will result in an annual percentage rate that is substantially similar to the Effective Date falls, the monthly Periodic Rate then rate in effect will be applied at the time the original Index becomes unavailable. For more information on current margin(s), please refer 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 chargesACCOUNT OPENING DISCLOSURE. An increase or decrease in the Index Rate will cause an increase or decrease in the monthly Periodic Rate and corresponding Annual Percentage Rate ANNUAL PERCENTAGE RATE and may increase the amount and number of minimum payments. If Unless prohibited by law, there is no limitation on the Index amount the Periodic Rate ceases and corresponding ANNUAL PERCENTAGE RATE may increase. The “Periodic Rate” used to calculate interest charges is a daily periodic rate, which is calculated by dividing the ANNUAL PERCENTAGE RATE or APR by the number of days in the year (365 days or 366 in a leap year). Beginning on the date an adjustment in the rate is effective and until the next Change Date, the daily Periodic Rate then in effect will be made availableapplied to the average daily balance in the Account to determine the interest charges. An adjustment in the daily Periodic Rate and corresponding ANNUAL PERCENTAGE RATE will apply both to the outstanding balances in the Account and to new Cash Advances, we may substitute a substantially similar indexany Balance Transfers from other credit card accounts, credit purchases and other charges.

Variable Annual Percentage Rate. The Annual Percentage For variable rate plans, the current monthly Periodic Rate means and corresponding ANNUAL PERCENTAGE RATE for new accounts are disclosed on the annual rate accompanying card mailer. Your APR may increase or decrease. ANNUAL PERCENTAGE RATES are determined and adjusted monthly on the first business day of interest charged on Account balances. The Annual Percentage Rate is determined each Billing Cycle month by adding the applicable margins listed in the Interest Rate and Fee Disclosure Table a margin to the Index Rate. The “Index Rate” is the highest prime rate U.S. Prime Rate published in the t he Money Rates section of The Wall Street JournalJournal (WSJ Prime Rate) on the first business day of the prior calendar month. The monthly period Any new 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 will be adjusted on applied retroactively to the first day of each month (“your billing cycle. For more information on current margin(s), please refer to the Rates and Fees Disclosure in the accompanying card mailer. 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”). 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 in the Account account to determine the interest charges Interest Charges (see Section 7. above for such Billing Cycledetails on Interest Charges). An adjustment in the monthly Periodic Rate and corresponding Annual Percentage Rate ANNUAL PERCENTAGE RATE will apply both to any existing the outstanding balances outstanding on the Account in the Billing Cycle during which the Effective Date falls account and to new cash advances 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 and increase or decrease in the monthly Periodic Rate and corresponding Annual Percentage Rate ANNUAL PERCENTAGE RATE and may increase the amount and number of minimum payments. If the Index Rate ceases to be made available, we Issuer may substitute a substantially similar indexindex and margin.

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 current monthly Periodic Rate and Fee Disclosure Table to corresponding ANNUAL PERCENTAGE RATE for new accounts are disclosed on the Index Rateaccompanying card mailer. 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 These rates may vary monthly and shall be adjusted on the first day of each month billing period (“Change Date”). However, the The ANNUAL PERCENTAGE RATE on each Change Date is not shall equal the date that highest prime rate published in The Wall Street Journal “Money Rates” tables on the new rate is effective. The effective date of any change to the Index Rate is the 1st business 10th day of publication in the calendar month after the preceding each Change Date (“Effective DateIndex Rate”), PLUS a Margin. Business days are Monday through FridayIf the 10th falls on a day the Wall Street Journal does not publish, excluding legal holidays. Beginning as of we will identify the first U.S. Prime Rate published on the last publishing day preceding the 10th day of the Billing Cycle during which month. For more information on current margin(s), please refer to the Effective Date fallsApplication 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 owing on in the Account to determine the interest charges for such Billing CycleInterest Charges. An adjustment in the monthly Periodic Rate and corresponding Annual Percentage Rate ANNUAL PERCENTAGE RATE will apply both to any existing the outstanding balances outstanding on in the Account in the Billing Cycle during which the Effective Date falls and to new cash advances 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 ANNUAL PERCENTAGE RATE and may increase the amount and number of minimum payments. If the Index Rate ceases to be made available, we Issuer may substitute a substantially similar indexindex and margin.