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LET’S PRACTICE
Credit Card Disclosure
Annual percentage rate (APR) for purchases APR for balance transfer
12.99% introductory APR for one year based on your creditworthiness. After that, your APR will be 14.99%.
15.99%.
APR for cash advances
Your cash APR may vary monthly.The rate will be determined by adding 14.99% to the U.S. prime rate. 28.99%.This APR will be applied to your account if you: 1. make a late payment, 2. go over the credit limit, 3. make a payment that is returned or, 4. do any of the above on another account that you have with us. How long will the penalty APR apply? If your APRs are increased for any of these reasons, the penalty APR will apply until you make six consecutive minimum payments when due. Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month.
Penalty APR and when it applies
Set-up and Maintenance Fees PRODUCT PREVIEW $12 annually ($1 per month) Transaction Fees
How to avoid paying interest on purchases
Fees
Annual fee $20 Account set-up fee $20 (one-time fee) Participation fee
Additional card fee $5 (if applicable)
Balance transfer
Either $5 or 3% of the amount of the transaction, whichever is greater (maximum fee: $100) Either $5 or 3% of the amount of each cash advance, whichever is greater
Cash advance
Foreign transaction 2% of each transaction in U.S. dollars Penalty Fees Late payment
$29 if balance is less than or equal to $1,000; $35 if balance is more than $1,000 $29 if your total credit card balance is more than the amount of your credit limit.
Over-the credit limit
Returned payment
$35
Chapter 13 | Credit Card Craze 256
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