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Neiman Marcus 2009 Annual Report Download - page 412

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SCHEDULE 4.7

Account Terms

Annual Fee None.

Late Payment or Late Fee (at cycle)

Lesser of the Minimum Payment Amount and $25, in case no late

fee has been assessed in the past 6 cycles

Lesser of the Minimum Payment Amount and $35, in case late fee

has been assessed in the past 6 cycles

Returned Check Fees None

Minimum Payment Amount 5% of billed balance (but at least $25 rounded up to the nearest $5).

Minimum Finance Charge $.50

Standard APR

APR varies based on Prime + 20.74% (currently 23.99% APR as of

June 1, 2010) for cardholders.

Grace Period for the Imposition of Late Fees 6 days after the payment due date

Grace Period for the Repayment of Purchases 26 days

Method of Computing the Balance for Purchases Average Daily Balance (including new purchases)