| INTEREST RATE AND INTEREST CHARGES | |
|---|---|
| Annual Percentage Rate (APR) for Purchases | 0.00% |
| APR for Balance Transfers | N/A |
| APR for Cash Advances | N/A |
| Paying Interest | You will not be charged interest on purchases. Your due date for payment of amounts owed on your Credit Card is 21 days after the close of each billing cycle, and any amounts owed will be automatically debited from your smart contract wallet at the end of each month. |
| Minimum Interest Charge | There is no interest chargeable to this Credit Card. |
| 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: http://www.consumerfinance.gov/learnmore |
| FEES | |
| Annual Fees | No annual fee during the first year. $500 annual fee thereafter, subject to change upon advance notice by Moto Finance. |
| Depository Fees | As described in the standard terms and Platform Agreement entered into between you and Moto Finance, Moto Finance will charge a fee in respect of the portion of the yield which you may earn by depositing assets into the Moto Finance application and reserves the right to retain any yield above the maximum percentage applicable to your tier. |
Transaction Fees
| N/A N/A 1% of each transaction in U.S. dollars. |
Penalty Fees
| 2% of the current outstanding card balance None None |
| Conversion Fee | You may be subject to a conversion or bridge fee when depositing assets into the Moto Finance wallet or converting cryptocurrencies. |
How We Will Calculate Your Balance: We use a method called “average daily balance”. See your Cardholder Agreement for more details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your Card Regulations.
Loss of Introductory APR: There is no interest chargeable to this Credit Card.
How We Will Calculate Your Variable APRs: There is no interest chargeable to this Credit Card.
Prime Rate: There is no interest chargeable to this Credit Card.
Military Lending Act Disclosure: The following disclosure applies to persons covered by the Military Lending Act – other governmental programs and laws may also govern or apply to this transaction but are not described in the following disclosure. The following disclosure is required by the Military Lending Act. 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).