Terms & Conditions
I hereby apply to King's for credit and to open a charge account. I agree to pay my account by the 10th of the month following the invoice date. If my account is not paid in full within such time, I agree to contact King's immediately to make further arrangements to pay the bill. If King's agrees to extend the bill past 30 days, I also understand and agree that my account shall bear interest at the rate of 1.5% per month (18% per annum). It is also agreed that since the use of the card is unlimited, King's can invalidate the card(s) without notifying the cardholder.
Late Payment: Should payment for your billed account balance not be received by the 10th of the month following billing date, a Late Payment Fee may be assessed.
Late Payment Fee: (Based on Account Balance on the fee assessment date)
$l9 for balance less than or equal to $100
$29 for balance $100.01
$39 for balance $1,000.01 - $5,000
$49 for balance greater than $5,000
Penalty APRs:
If at any time during any rolling consecutive twelve billing cycle period you fail to make two consecutive payments on a timely basis, we may elect to increase your APR of 2% per mOnth (24% per annum). All penalty APRs will remain in effect until, in a subsequent rolling six billing cycle period, you make all of your required payments on a timely basis when, in your next billing cycle, all Penalty APRs will no longer apply. I further agree to pay all reasonable collection costs, including any attorney fees if my account is turned over to a collection agency or attorney for suit.