How We Will Calculate Your Balance: We use a method called “average daily balance”. See your account agreement for further information regarding how we calculate your balance.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement. Loss of Introductory Balance Transfer APR: We may end your introductory Balance Transfer APR and apply the Penalty APR if your account becomes more than 60 days past due. The information about the costs of the card described in this solicitation is accurate as of 9/01/2020. This information may have changed after that date. To find out what may have changed, please call 1-800-580-6536 or write to us at Texas Regional Bank Attn: Credit Card Department, P.O. Box 5555 McAllen, TX 78502.
How We Will Calculate Your Variable APRs: Except for any introductory APR, your APR will vary with the market when the Prime Rate changes. For each billing period, we use the Prime Rate published in the Money Rates column of the Wall Street Journal. If the Wall Street Journal does not publish the Prime Rate or it is otherwise unavailable, we will select a similar reference rate that we believe, in our sole discretion, to be similar to the Prime Rate. Any new rate will be applied as of the first day of your billing cycle following the Prime Rate change. If the Prime Rate increases or decreases, this will cause the APR and periodic rate to fluctuate resulting in increased or decreased interest charges and minimum payments on the account.
Purchase APR: For Purchase transactions, we add a Margin of 6.49%, 8.49%, 11.49% or 14.49% to the Prime Rate of 7%. The Purchase APR may increase or decrease each month if the Prime Rate changes, but will not exceed the maximum rate of 29.99%. The Monthly periodic rate of FINANCE CHARGES will be no less than 0.00% and no greater than 2.49917%.
Balance Transfer APR: For Balance Transfer transactions, we add a Margin of 11.49% to the Prime Rate of 7%. The Balance Transfer APR may increase or decrease each month if the Prime Rate changes, but will not exceed the maximum rate of 29.99%. The Monthly periodic rate of FINANCE CHARGES will be no less than 0.00% and no greater than 2.49917%.
Cash APR: For Cash transactions, we add a Margin of 16.49% to the Prime Rate of 7%. The Cash APR may increase or decrease each month if the Prime Rate changes, but will not exceed the maximum rate of 29.99%. The Monthly periodic rate of FINANCE CHARGES will be no less than 0.00% and no greater than 2.49917%.
Military Lending APR: Effective October 1, 2017, Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account).