The Cost of Credit
When you purchase an everyday item with cash, you're perfectly aware of the cost. But if you purchase the same item with a credit card, the real cost may be a combination of the price of the item, interest charges accrued over time, and any fees associated with your card.

Costs Include:

Interest Charges
Interest charges, usually the major component of finance charges, are determined by applying your account's Annual Percentage Rate (APR) to your current account balance.

Variable and Fixed APRs
APRs can be fixed or variable. A variable APR is tied to a specific banking index (e.g., the Prime Rate index) and fluctuates in response to changes in that index. A fixed APR does not fluctuate in response to an index. Keep in mind, we reserve the right to adjust your APRs, in which case we would give you proper notice.

Introductory Rates
Introductory rates are special, low interest rates for a specified period of time, as clearly disclosed in your initial application and account terms.

Different Transactions, Different Rates
Different types of transactions you make may have different APRs associated with them. For example, you might have one APR for purchase transactions and another for cash advances.

Fees
Fees are specific charges related to your account, which can vary widely. An annual membership fee is an example of a fee that a cardholder might pay under the terms of a given account.

Concerned about fees and charges? Be sure to review your account terms and monthly statement (under "Account Summary") to see which types of transactions you're using and how you're being charged for them.