For example, with an annual monthly effective rate of 26.99%, 2.25% interest would be calculated each month – or $22.50 in a month with a credit of $1,000. Sometimes the annual effective annual rate is a variable rate, meaning it changes with an index interest rate like the one published in the Wall Street Journal, and sometimes it`s a fixed rate that doesn`t vary with changes in an index. Whether the interest rate is variable or fixed, all effective annual rates can be adjusted by the credit card issuer and the cardholder`s agreement will indicate how the annual percentage rate of charge may change over time. However, a card issuer may not change the annual effective rate of an existing credit unless it follows the formula of a variable annual rate of effectiveness indicated in its conditions. By using the Website or uploading materials from the Website, you agree to abide by the terms set forth in this Statement and any other policies described on the Website. If you do not agree to abide by these Terms and Conditions or future terms, please do not use the Website or download any material from the Website. This website for online credit services (the „Website“) is provided by Synchrony Bank (the „Issuer“), the retailer or reseller brand credit card issuer (including all Visa, MasterCard, American Express or Discover cards from retailers or resellers) (one „Card“ each) that may be connected to this Site. . .