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No interest if paid in full” example • Cardholder finances their $1,00 purchase with the “No interest if paid in full within 18 months with regular monthly payments” promotion. • The minimum monthly payment is calculated at $35 ($1,000 x 3.5%) or $40, whichever is greater. $40 is the greater of the two and is the minimum monthly payment. • What happens if only the minimum monthly payment is made? If the cardholder pays $40 for each monthly payment during the 18 month promotional period, the cardholder will have paid a total of $720 ($40 x 6 months = $720). As a result:– There is a remaining balance At the end of the 18 month promotional period there is a remaining balance of $280 ($1,000 purchase - $720 in payments).– The new balance is the remaining balance plus accrued interest The cardholder has a new balance of $280 plus the accrued interest from the date of purchase. This new balance will be charged interest at the regular terms until paid in full. To avoid interest charges, the balance must be paid in full prior to the expiration of the promotional term.

How a cardholder can avoid paying interest The only way for a cardholder to avoid interest is to pay the purchase balance in full prior to the expiration of the promotional period. Provide the following tips to the cardholder to avoid interest:– Opt to make equal payments to pay in full within the promotional period In this example, if the cardholder chooses to make equal payments of $55.56 rather than pay the minimum monthly payment of $40, the purchase balance of $1,000 will be paid in full by the end of the 18 month promotional period.– Pay the balance in full prior to the expiration of the promotional period In this example, the cardholder can choose to pay the remaining balance of $280 in a lump sum or in multiple payments totaling $280 prior to the expiration of the promotional period.