Figuring the Finance Charge. The Finance Charge is figured by applying a Daily Periodic Rate (DPR) to the average daily balances of Purchases and Cash Advances. The Average Periodic Rate is determined by dividing the ANNUAL PERCENTAGE RATE (APR) by 365. The Daily Periodic Rate and ANNUAL PERCENTAGE RATE used to calculate the Finance Chargeare: APR 9.90%* DPR 0.02712%* The Credit Union, in its sole discretion, may change the ANNUAL PERCENTAGE RATE from time to time. Any change in the Finance Charge shall apply both to the outstanding balance and any new Purchase and Cash Advances. *The APR and DPR are the Credit Union’s A+ Rate. Your rate may vary based on individual creditworthiness and our underwriting standards. For members who do not meet the A+ rate requirements, 1% - 8.1% will be added to the APR, with a corresponding increase to the DPR as follows: Category You may consult with one of our Financial Services Representatives regarding the category assigned after evaluation of a completed application for our credit card services. Your APR will be set forth in each monthly statement.
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Sources: Credit Card Agreement, Credit Card Agreement