1. May 20, 2002 #1
   

   shaolin76 Well-Known Member

   I just got a Chevron gas card that says:
   Daily Periodic Rate is 0.05753%
   Annual Percentage Rate 21.00%
   
   What is the daily periodic rate for?

    

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3. May 20, 2002 #2
   

   DaveLV Well-Known Member

   That's the rate they charge you every single day after any grace period expires.
   
   365.25*.05753=21.0128325%

    
4. May 20, 2002 #3
   

   shaolin76 Well-Known Member

   Thanks..

    

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