Sierra Prime Line of Credit Rates
| Annual Percentage Rate (APR) for Balance Transfers | 8.000%This APR will vary with the market based on the Bank of the Sierra Prime Rate. |
|---|---|
| Penalty APR and When It Applies | 13.000%This APR will vary with the market based on the Bank of the Sierra Prime Rate. This APR may be applied to your account if you make a late payment. How Long Will the Penalty APR Apply? If your APR is increased for this reason, the Penalty APR will apply indefinitely. |
| Paying Interest | You will be charged interest from the transaction date. |
| For Credit Card Tips from the Consumer Financial Protection Bureau | To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at https://www.consumerfinance.gov/learnmore/ |
| Set-up and Maintenance Fees | |
|---|---|
| Annual Fee | $150 |
| Loan Origination Fee | $100 (one-time fee) |
| Penalty Fees | |
| Late Payment | If a payment of at least the amount of the minimum required payment is not received within 10 days after the closing date subsequent to the payment due date, a late charge of 5% of the payment amount shall be imposed, though in no event shall this late charge exceed $10.00. |
| Returned Payment | $32 |
Rates as of 03/20.
