Neiman Marcus 2008 Annual Report Download - page 652

SCHEDULE 3.2(e)
Initial Program Changes
Annual Fee No annual fee, except for $50 NM Gold Card program membership
fee.
Late Payment or Late Fee (at cycle) Based upon two prior month's statement balance:
• $20-$49 Balance = $5
• $50-$149 Balance = $15
• $150-$299 Balance = $20
• $300+ Balance = $29
Returned Check Fees (BG to be standardized as NM) $25 per returned check
Minimum Payment Amount (BG to be standardized as NM) 10% of billed balance (but at least $25 and, for closing balances of
$250 or more, rounded up to the nearest $10).
Minimum Finance Charge $.50
Standard APR 21.0% APR for all residents (or at NMG's election, all residents
other than 1,500 VIP Accounts plus up to 5,000 other Accounts)
except in two states to be agreed upon; [TBD%] plus Prime variable
APR for two states to be agreed upon.
Grace Period for the Repayment of Purchases 27 days
Method of Computing the Balance for Purchases Average Daily Balance (including new purchases)