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Annual percentage rate
(APR) for purchases | 2.9% until 11/1/00
after that, 14.9%
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>Other APRs | Cash-advance APR: 15.9%
Balance-transfer APR: 15.9%
Penalty rate: 23.9% See explanation below. *
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Variable-rate information | Your APR for purchase transactions may vary. The rate is determined monthly by adding 5.9% to the Prime Rate **
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Grace period for repayment of
balances for purchases | 25 days on average
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Method of computing the
balance for purchases | Average daily balance (excluding new purchases)
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Annual fees | None
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Minimum finance charge | $.50
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Transaction fee for cash advances: 3% of the amount advanced
Balance-transfer fee: 3% of the amount transferred
Late-payment fee: $25
Over-the-credit-limit fee: $25
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* Explanation of penalty. If your payment arrives more than ten days late two times within a six-month period, the penalty rate will apply.
** The Prime Rate used to determine your APR is the rate published in the Wall Street Journal on the 10th day of the prior month.
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