Klutch Credit Card Terms & Rates

Account terms are not guaranteed for any period of time. All terms, including fees and APRs for new transactions, may change in accordance with the Credit Card Agreement and applicable law based on information in your credit report, market conditions, business strategies, or for any reason. Please review all of these materials so that you are fully informed about the terms of this credit card offer.

Interest Rates and Interest Charges



Annual Percentage Rate (APR) for Purchases

5% to 25% based on your creditworthiness when you open your account. After that, your APR will vary with the market based on the Prime Rate.

Penalty APR and When it Applies

Up to 29.99%

This APR will vary with the market based on the Prime Rate.T his APR may be applied to your account if:
- you make one or more late payments;
- your payment is returned by your bank

We may also consider your creditworthiness in determining whether or not to apply the penalty APR.

How Long Will the Penalty APR Apply?: If your APRs are increased, the Penalty APR will apply indefinitely.

Cash Advance

Not Applicable

Balance Transfer

Not Applicable

How to Avoid Paying Interest on Purchases

Your due date is at least 25 days after the close of each billing cycle. We will not charge you any Interest on purchases if you pay your entire balance by the due date each month.

For Credit Card Tips from the Consumer Financial Protection Bureau

To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at consumerfinance.gov/learnmore

Annual Fee


Foreign Transaction Fee


Late Payment

Up to $40

Returned Payment

Up to $40

How We Will Calculate Your Balance

We use a method called “average daily balance (including new purchases).” See the Agreement for more detail.

Variable APR; Daily Periodic Rate

The APR on your Account will be determined each billing cycle by adding a margin to the Prime Rate (U.S.) as published in the Money Rates section of The Wall Street Journal (the “Index”) on the 25th day of the month or the following business day. If the Prime Rate changes, your new rate will take effect on your next billing period. The margin which will be added to the Prime Rate for purchases is 16.74% - 26.24%. As of September 15, 2020 the Prime Rate was 3.25%.

Credit Limit

Your initial credit limit will be between $300-$2,000, based on your creditworthiness.