Disclosure
The information in this application is accurate as of 02/02/04. This information may have changed after that date.To find out about any changes, please call us at 800-628-2244.
ANNUAL PERCENTAGE RATE FOR PURCHASES: 0%† Introductory APR for 9 months on purchases made with plastic only. Then, the Annual Percentage Rate will be a variable rate equal to the Prime Rate plus a fixed margin ranging from 2.99%, 4.99%, 6.99% , or 9.99%, currently 6.99%, 8.99%, 10.99%, or 13.99% respectively, as determined by us based on our credit evaluation and a number of factors, including size of the credit line.
OTHER ANNUAL PERCENTAGE RATES: BALANCE TRANSFER APR: A fixed APR of 0% for balance transfers made during the first nine months of membership.
CASH ADVANCE APR:
Prime + 14.99%, currently 18.99%.
DEFAULT APR:
Variable Rate of P+15.99% (P+21.99% for cash advances) for defaulted accounts; P+21.99% on all balances for seriously defaulted accounts*.
VARIABLE RATE INFORMATION
Your annual percentage rate (APR) may vary. The rate for Purchases and Balance Transfers is determined by adding 2.99%, 4.99%, 6.99% , 9.99% or 12.99% to the Prime Rate, and the rate for Cash Advances is determined by 14.99% to the Prime Rate.
GRACE PERIOD FOR REPAYMENT OF THE BALANCE FOR PURCHASES:
25 days for purchases if full previous balance is paid by due date.
METHOD OF COMPUTING THE BALANCE FOR PURCHASES: Average daily balance (including new purchases).
ANNUAL FEES: None for Basic and up to two (2) Additional Cards. After the first two, the annual fee for each Additional Card issued to your Account is $10.
MINIMUM FINANCE CHARGE: $0.50.
OTHER FEES: Late Payment Fee: $15 on balances less than $100, $29 on balances of $100 to $1,000, and $35 on balances greater than $1,000. Overlimit fee: $35.
FEE FOR CASH ADVANCES THROUGH EXPRESS CASH: 3% of withdrawal with $5.00 minimum and no maximum. The lines of credit offered with the Platinum Business Credit Card are from $1,000 to $50,000.
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Platinum Business Credit Card from American Express®
