Annual Percentage Rate for Variable Rate Accounts
The index for your account is changing from the Prime Rate. The new index will be the highest three month LIBOR (London Interbank Offer Rate) published in the northeastern edition of The Wall Street Journal in its Money Rates table at any time within the immediately preceding three months, including the month in which the index was determined, rounded up to the nearest one-quarter of a percentage point. As of July 1, 2009, your Margin would be the number of percentage points plus the index which would give you the same APR you now have on Purchases and Balance Transfers. This change is effective on the first day of your billing cycle that begins in April 2010.
They don't really want me to understand what they're doing, do they?