Common use of Variable Rates Clause in Contracts

Variable Rates. Except for any discounted introductory APR, your APRs will vary with the market based on the Prime Rate. We use the Prime Rate in the Wall Street Journal in effect at the close of business on the last business day of the calendar month ending within each billing cycle. Your APRs may increase if the Prime Rate increases. If your APRs increase, the amount of interest you will owe and the Minimum Payment Due may increase.

Appears in 2 contracts

Sources: Wealth Management Visa Signature Credit Card Agreement, Wealth Management Visa Signature Credit Card Agreement

Variable Rates. Except for any discounted introductory APR, your APRs will vary with the market based on the Prime Rate. We use the Prime Rate in the The Wall Street Journal in effect at two business days before the close of business on the last business day of the calendar month ending within Statement Date for each billing cycle. Your APRs may increase if the Prime Rate increases. If your APRs increase, the amount of interest you will owe and the Minimum Payment Due may increase.

Appears in 1 contract

Sources: Credit Card and Security Agreement