What is the Annual Percentage Rate (APR) if I pay over time?
The Annual Percentage Rate (APR) may vary and is determined by adding the Prime Rate plus 11.99%. Variable APRs for each billing period are based on the Prime Rate published in The Wall Street Journal two days before the Closing Date of the billing period. The Wall Street Journal may not publish the Prime Rate on that day. If it does not, we will use the Prime Rate from the previous day it was published. If the Prime Rate increases, variable APRs will increase. In that case, you may pay more interest and have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period.
