Terms and Conditions
Old Navy Credit Card/Old Navy Gift Cards
OLD NAVY
REWARDS PROGRAM TERMS AND CONDITIONS
C. The Periodic Rate for your Cash Advance Balance is the cash standard rate ("Cash Standard Rate"), unless the Delinquency Rate (or another rate as set forth in Section D, below) applies as described below. The Cash Standard Rate for a billing period is the greater of: (i) the Prime Rate plus 14.99%, times 1/365; or (ii) .06094% (APR 22.24%). As of March 1,2008, the Cash Standard Rate was .06162% (APR 22.49%).
D. The Periodic Rate and corresponding APR for all Account balances (including promotional rates) may be increased if you fail to make a Minimum Payment to us when due, you make a payment to us that is not honored by your bank or you exceed your Credit Limit. The delinquency rate ("Delinquency Rate")
will be the greater of (i) the Prime Rate plus 18.99%, times 1/365 or (ii) .07190% (APR 26.24%). As of March 1, 2008, the Delinquency Rate was .07258% (APR 26.49%). If we increase your Periodic Rate, the new Periodic Rate will be equal to the Delinquency Rate, or at our discretion a lower rate. Our decision may be based on factors such as the timing or seriousness of any default, your payment and purchase history on this Account, your credit history with other creditors and other indications of Account performance. The increased Periodic Rate will apply to your existing balances and future transactions and will take effect as of the first day of the billing period in which your missed or returned payment was due or in which you exceeded your Credit Limit. Once the Delinquency Rate applies, if you make any required Total Minimum Payment by the Payment Due Date in twelve consecutive billing periods and do not exceed your Credit Limit or Cash Advance Limit during such 12 month period, the next statement you receive will reflect the Standard Rate (rather than the Delinquency Rate) that will apply to all existing balances on your Account and all new transactions beginning with the first day of the billing period reflected on that Statement. We may also change rates or other terms as provided in the Termination/Change in Terms section of this Agreement.
E. The Periodic Rate and corresponding APRs may vary. If the Prime Rate increases, the Periodic Rates and corresponding APRs may increase, and as a result the periodic Finance Charge, Total Minimum Payment, and number of payments also may increase. Any change in the Periodic Rates will apply to your entire Account balance (unless otherwise specified in any disclosures we may provide to you). A change in the Prime Rate will take effect on the first day of the billing period after the change. We may select a new interest rate index if the Prime Rate is not available.
BALANCE SUBJECT TO PERIODIC FINANCE CHARGE. The balance subject to a periodic Finance Charge is calculated separately for Purchases (excluding Balance Transfers), Balance Transfers and Cash Advances.
A. The Purchase Balance subject to a periodic Finance Charge is the Purchase Daily Balance of the Account. However, Purchases are not included in the Purchase Balance subject to a periodic Finance Charge for a billing period if there is no previous balance on your Account at the beginning of the billing period, including any promotional and Special Promotion balances ("Previous Balance"), or the sum of your payments and credits posted to your Account by the Payment Due Date is at least equal to the Previous Balance.
B. To determine the Purchase Balance subject to a periodic Finance Charge, we take the prior day's Purchase Balance of your Account, which includes any unpaid periodic Finance Charge on your Purchase Balance and add any new Purchases and other debits charged to your Account that day, and subtract any payments and other credits applied to your Purchase Balance that day. Each day we also add any periodic Finance Charges on your Purchase Balance and other Finance Charges and fees (other than Transaction Fees for Balance Transfers and Cash Advances), including any debt cancellation fees, assessed that day on your Account. This gives us the "Purchase Daily Balance" of the Account. Any Purchase Daily Balance of less than zero will be treated as zero.
C. The Balance Transfer Balance subject to a periodic Finance Charge is the Balance Transfer Daily Balance of the Account. To determine the Balance Transfer Balance subject to a periodic Finance Charge, we take the prior day's Balance Transfer Balance of your Account, which includes any unpaid periodic Finance Charges on your Balance Transfer Balance, and add any new Balance Transfers, Transaction Fees for Balance Transfers and periodic Finance Charges on your Balance Transfer Balance for that day and subtract any payments and other credits applied to your Balance Transfer Balance that day. This gives us the "Balance Transfer Daily Balance" of the Account. Any Balance Transfer Daily Balance of less than zero will be treated as zero.
D. The Cash Advance Balance subject to a periodic Finance Charge is the Cash Advance Daily Balance of the Account. To determine the Cash Advance Balance subject to a periodic Finance Charge, we take the prior day's Cash Advance Balance of your Account, which includes any unpaid periodic Finance Charges on your Cash Advance Balance, and add any new Cash Advances, Transaction Fees for Cash Advances and periodic Finance Charges on your Cash Advance Balance for that day and subtract any payments and any other credits applied to your cash advance balance that day.
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About Old Navy
Old Navy is rated one of the most popular clothing stores.
Old Navy provides fashion to women, men, kids, teens and babies. Now Old Navy also offers Maternity fashion.
Old Navy constantly has special offers and sales everyday. Visit their website to see their offers.
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Terms and Conditions based on information given by Old Navy. If you have any questions or concerns, please contact Old Navy directly.
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