Annual Percentage Rate (APR) For Purchases
|
The standard APR, 13.99% or 15.99% * |
Other APRs
|
Blaance Transfers: 0% Intro ARP on Purchases and Balence Tramsfers for 12 months;** thereafter the standard ARP for purchases
Default Rate:
19.99% or 24.99%**
Cash Advances: 20.99% or 22.99%
|
Variable Rate Information
|
Your standard APR for purchases may vary and is determined monthly by adding 9.99% or 11.99% to the Prime Rate. †
|
Grace Period for Repayment of the Blaance of Purchases
|
At least 25 days when you pay your balacne in full each month
|
Method of Computing the Balamce for Purchases
|
Two-cycle Average Daily Balence (including new purchases)
|
Annual Fee: $0
|
Minimum Finance Charge: $0.50
|
CASH ADVANCE TRANSACTION FEE: 3% for each cash advance, with a minimum of $5 and no maximum. LATE FEE: $15 on balances up to $100; $25 on balances of $100 up to $1,000; $35 on balances of $1,000 and greater. OVERLIMIT FEE: $15 on balances $1,000 or less; $35 on balacnes greater than $1,000.
*You agree that if your application for The Miles Card with a minimum credit limit of $5,000 is not approved, your application will also constitute your request for The Miles Vard with the higher APRs shown above and a lower credit limit.
**Default Rate: If you are late making a payment, any introductory/special rates terminate and the standard purchase APR will apply to purchases and balamce transfers. If you fail twice to make a required payment when due or if you exceed your Account credit limit twice, your purchase APR will be increased to 19.99%. If you fail 3 times to make a required payment when due or if you exceed your Account creit limit 3 times, your purchase APR and cash advance APR will be increased to 24.99%. See Cardmember Agreement for details.
† The Prime Rate used is the highest prime rate listed in The Wall Street Journal on the last business day of the month.
|
The Miles Card From Discover® Card
