Cape-Able Bike Shop In-Store Financing
Cape-Able's financing program is an easy and cost effective way to purchase that new dream bike for this coming season. Customers can
get approved for the card on the spot at Cape-Able Bike Shop. The credit terms are as follows:
No payments or no interest for 12 months from the time of signup!
APR: 24.9%
Variable Rate information:
Your APR may vary each billing period. The rate is determined by adding 17.5% to the highest
prime rate as published in the Wall Street Journal for the calendar month preceeding the month in which the Billing Period begins.
Your APR will not decrease below 22.8% or increase above 24.9%.
Grace period for repayment and of balances for purchases:
25 days for Revolving Credit plans; The term of the promotional period
for Promtional Credit plans (30 days minimum), except for the "Low APR, Equal Payment Credit Plan".
Annual Fees: None
Minimum Finance Charge:
$1.00 for any Billing Period in which a Finance Charge of less than $1.00 would otherwise be inposed.
Late Payment Fee:
$29.00 if you do not pay us at least the Minimum Payment Due for each Billing Period or you pay it late.