|
Annual
Percentage Rate for Purchases
|
1.9%
Introductory APR for Visa® Platinum and 5.9%
Introductory APR for MasterCard® Classic for the first 6
months*, after that a regular APR of:
|
Visa® Platinum **
4.00% or
7.90% or
9.90%
|
MasterCard® Classic
11.90% Balances less
than $2,000
8.90% Balances
equal to or greater than $2,000
|
|
Other
APRs
|
Cash
Advance APR: 19.9% for Visa® Platinum and 20.9% for
MasterCard® Classic
Balance
Transfer APR: 3.9% for Visa® Platinum and 5.9% for
MasterCard® Classic
Default
APR: 21.0%. See Explanation Below. ***
|
|
Variable
Rate Information
|
Your
APR may vary
|
|
Visa® Platinum:
The
regular APR for Purchases is determined for each Billing Cycle by adding a
margin based on your credit information at the time of application to the
Prime Rate****
0.00% or 3.90% or 5.90%
|
MasterCard® Classic:
Your
regular APR for Purchases is determined for each Billing Cycle by adding a
Margin based upon your Outstanding Balance to the Prime Rate****
7.90%
for Balances less than $2,000
4.90%
for Balances equal to or greater than $2,000
|
|
Grace
Period for Repayment of Purchase Balance
|
You
have a month to repay your balance before a finance charge on new Purchases
will be imposed.
|
|
Method
of Computing the Balances for Purchases
|
Average
Daily Balance (including new Purchases)
|
|
Annual
Fees
|
None
|
|
Minimum
Finance Charge
|
$0.50
|
|
Transaction
Fee for Purchases
|
None
|
|
Late
Payment Fee:
|
$22.00
if the balance is up to and including $200
$35.00 if the balance exceeds $200
|
|
Overlimit
Fee:
|
$35.00
|
|
Returned
Payment Fee:
|
$30.00
|
|
Cash
Rebate:
|
You
will receive a Cash Rebate equal to .50% of your net Purchases (Purchases
less Returns) each Billing Cycle. Your cash Rebate will be based on the total net Purchases posted to
your Account during your actual Billing Cycle. Your Cash Rebate will be credited to your Account by the fifth
business day of the following Billing Cycle. Should the amount of Returns exceed the Purchases during any Billing
Cycle resulting in a credit balance, your Account will be debited
accordingly.
|
|
*
If we fail to receive your Minimum Payment by the Payment Due Date during the
Introductory Period, Introductory rate will terminate and the applicable
regular rate will apply, beginning on the first day of the first Billing
Cycle which begins following such failure.
**
Your regular APR for Purchases is based on credit information at the time you
apply.
***
Beginning on the first day of your first Billing Cycle which begins following
your Account becoming 30 days past due for two consecutive Billing Cycles.
****
The Prime rate used is the highest prime rate as published in The Wall Street Journal on the last day of the month in which the Billing Cycle began or, if not published that day, on the next day published.
The
information about the costs of the cards described in this application is
accurate as of December 12, 2007. This information may have changed after that date. To find out what might have changed,
please call us at 1-800-243-2524 or write to us at: Credit Card Center, PO Box 114, Jackson, MS 39205-0114.
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