Common use of Allocation of Payments Clause in Contracts

Allocation of Payments. If your Account has balances with different APRs, we will allocate the amount of your payment equal to the Total Minimum Payment Due to the lowest APR balances first. Payment amounts in excess of your Total Minimum Payment Due will be applied to balances with higher APRs, then other balances in order of descending APRs.

Appears in 7 contracts

Samples: Credit Card Agreement, Credit Card Agreement, Credit Card Agreement and Disclosure Statement

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Allocation of Payments. If your Account has balances with different APRs, we will allocate the amount of your payment equal to the Total Minimum Payment Due to the lowest APR balances first. Payment amounts in excess of your Total Minimum Payment Due will be applied to balances with higher APRs, higherAPRs,then other balances in order of descending APRs.

Appears in 3 contracts

Samples: Credit Card Agreement, Credit Card Agreement, Credit Card Agreement

Allocation of Payments. If your Account has balances with different APRs, we will allocate the amount of your payment equal to the Total Minimum Payment Due to the lowest APR lowestAPR balances first. .Payment amounts in excess of your Total Minimum Payment Due will be applied to balances with higher APRs, then other balances in order of descending APRs.

Appears in 1 contract

Samples: Credit Card Agreement and Disclosure Statement

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Allocation of Payments. If your Account has balances with different APRs, we will allocate the amount of your payment equal to the Total theTotal Minimum Payment Due to the lowest APR lowestAPR balances first. .Payment amounts in excess of your Total Minimum Payment Due will be applied to balances with higher APRs, then other balances in order of descending APRsdescendingAPRs.

Appears in 1 contract

Samples: Credit Card Agreement and Disclosure Statement

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