COST OF CREDIT. You will pay a FINANCE CHARGE for all advances made against your Account. FINANCE CHARGES for cash advances, balance transfers, and convenience checks begin to accrue on the date of the advance. New purchases will not incur a FINANCE CHARGE on the date they are posted to your Account if you have paid the Account in full by the Payment Due Date shown on your previous monthly statement or if there was no previous balance. Cash Advances incur a FINANCE CHARGE from the date they are posted to your Account. No additional FINANCE CHARGES will be imposed on new purchases shown on your statement if the New Balance shown on the statement is paid in full by the Payment Due Date reflected on the statement. For purchases made with your Card, there is at least a 25-day grace period within which the New Balance may be paid without incurring a FINANCE CHARGE. The Periodic Rate portion of the FINANCE CHARGE is figured by applying the periodic rate to the “Balance Subject to FINANCE CHARGE” which is the “Average Daily Balance” of your Account, including current transactions. The Average Daily Balance is arrived at by taking the beginning balance of your Account each day, adding new cash advances, balance transfers, and convenience checks, and unless you pay your entire Account Balance in full by the Payment Due Date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid FINANCE CHARGES. This gives us the daily balance. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “Average Daily Balance.” The Periodic Rate portion of the FINANCE CHARGE is determined by multiplying the Average Daily Balance by the number of days in the billing cycle and applying the respective periodic rate to the product. If your periodic rate is computed based on an Index, your periodic rate(s) may vary. If your Account features an Introductory Rate, you will pay an Introductory Rate FINANCE CHARGE for purchases made at the periodic rate and corresponding ANNUAL PERCENTAGE RATE (APR) and for the time period set forth. Thereafter, the ANNUAL PERCENTAGE RATE may vary quarterly. The APR (other than the Introductory APR) is a variable rate determined quarterly by adding a margin of 4.65% to 14.40%, not to exceed 17.90% APR, (depending on our review of your application and creditworthiness) to the Prime Rate (Index). This Ind...
COST OF CREDIT. The dollar amount you pay for money borrowed is called a FINANCE CHARGE (inter- est). The FINANCE CHARGE is calculated at a daily periodic rate of .049%. This is an ANNUAL PERCENTAGE RATE of 18.00%. To figure the Finance Charge on your Overdraft Line of Credit, we compute a daily Finance Charge by applying the daily periodic rate to the amount you owe at the end of the day (including new advances and deducting payments and credits made during that day). We do not include unpaid finance charges in the calculation of your daily balance. Then, we add up all the daily finance charges for each day of the billing cycle. This gives us the finance charges for that billing cycle. There is no “free period” or “grace period.” You can reduce the finance charge by making your payments as promptly as possible.
COST OF CREDIT. You will pay an INTEREST CHARGE for all advances made against your account. Cash advances and balance transfers will incur an INTEREST CHARGE from the date they are posted to your account. New purchases will not incur an INTEREST CHARGE on the date they are posted to your account and will have a 25-day grace period if you have paid the account in full by the Payment Due Date shown on your previous monthly statement or if there was no previous balance. Late fees, Return Check Service Charges, and third-party ATM surcharges will be added to the balance of your account and treated as new purchases. Except for cash advances and balance transfers, no additional INTEREST CHARGE will be incurred whenever you pay the account in full prior to the Payment Due Date.
COST OF CREDIT. You will pay a Finance Charge for all advances made against your card at the periodic rate of .024384% per day, which has a corresponding Annual Percentage Rate of 12.90%. Cash advances incur a Finance Charge from the date they are posted to the account. New purchases will not incur a Finance Charge on the date they are posted to the account if you have paid the account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional Finance Charge will be incurred whenever you pay the account in full by the due date. The Finance Charge is figured by ap- plying the periodic rate to the “balance subject to Finance Charge” which is the “average daily balance” of your account, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advances, and, unless you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid Finance Charges. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” The Finance Charge is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the product. ADDITIONAL SECURITY: If you have other loans with us, now or in the future, collateral securing those loans may also secure your obligations under this Agreement. You under- stand that you should read any security agreement you sign in order to determine if the collateral also secures your obligations under this Agreement and any other agreements you have with us.
COST OF CREDIT. You will pay a Finance Charge for all advances made against your card at the periodic rate of .024630% per day, which has a corresponding Annual Percentage Rate of 8.99%. Cash advances incur a Finance Charge from the date they are posted to the account. New purchases will not incur a Finance Charge on the date they are posted to the account if you have paid the account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional Finance Charge will be incurred whenever you pay the account in full by the due date. The Finance Charge is figured by applying the periodic rate to the “balance subject to Finance Charge” which is the “average daily balance” of your account, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advances, and, unless you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid Finance Charges. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” The Finance Charge is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the product. You may pay any amounts outstanding at any time without penalty for early payment.
COST OF CREDIT. You will pay a FINANCE CHARGE for all advances made against your account. FINANCE CHARGES for cash advances begin to accrue on the date of the advance. New purchases and balance transfers will not incur a FINANCE CHARGE on the date they are posted to the account if you have paid your account in full by the Payment Due Date shown on your previous monthly statement, or if there was no previous balance. You will have at least 25 days to repay your account balance before a FINANCE CHARGE on new purchases will be imposed. Otherwise, new purchase transactions will incur a FINANCE CHARGE from the date they are posted to the account. The daily periodic rate for cash advances is 0.043562%, which has a corresponding ANNUAL PERCENTAGE RATE of 15.9%. For purchases, until the first day of the billing cycle that includes the six-month anniversary date of the opening of your account, you will pay a FINANCE CHARGE made at the Introductory Rate daily periodic rate of 0.013425%, which has a corresponding ANNUAL PERCENTAGE RATE of 4.9%. Thereafter, or if your account is in default at any time during the Introductory Rate period, the applicable daily periodic rate used to compute the FINANCE CHARGE for purchases will range between 0.013425% and 0.049041%, which has a corresponding ANNUAL PERCENTAGE RATE ranging from 4.9% to 17.9%. Your precise rate is based on your credit standing and will be provided to you in writing after you are approved. In addition, after your account has been opened, we may review your credit standing from time to time in the future and adjust your purchases daily periodic rate and ANNUAL PERCENTAGE RATE within the range stated above. If we increase your rate based on changes in your credit standing, we will notify you in advance as required by applicable law. The purchases rate is also based on an index (the "Index"), which is the highest Prime Rate as published in the Money Rates section of The Wall Street Journal on the last business day of the month and is subject to change monthly. Any change in the Index will be effective on the first day of the billing cycle following the date of the change. An increase in the Index will result in an increase in the daily periodic rate, which in turn, may result in higher payments. The daily periodic rate will never be greater than 0.049041%, which corresponds to an ANNUAL PERCENTAGE RATE of 17.9%. We will not notify you in advance of any changes to your purchases rate based on changes in the Index, but your per...
COST OF CREDIT. For VISA®, you will pay an INTEREST CHARGE for all advances made against your account at the periodic rate of 0.018904% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 6.9%, or you will pay an INTEREST CHARGE for all advances made against your account at the periodic rate of 0.024383% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 8.9%, or you will pay an INTEREST CHARGE for all advances made against your account at the periodic rate of 0.02986% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 10.9%, or you will pay an INTEREST CHARGE for all advances made against your account at the periodic rate of 0.03534% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 12.9%. Cash advances (including balance transfers) incur an INTEREST CHARGE from the date they are posted to the account. If you have paid your account in full by the due date shown on the previous monthly statement, or there is no previous balance, you have not less than 25 days to repay your account balance before an INTEREST CHARGE on new purchases will be imposed. Otherwise, there is no grace period and new purchases will incur an INTEREST CHARGE from the date they are posted to the account. The INTEREST CHARGE is figured by applying the periodic rate to the “balance subject to INTEREST CHARGE” which is the “average daily balance” of your account, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advances (including balance transfers), and unless you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid INTEREST CHARGES. This gives us the daily balance. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” The INTEREST CHARGE is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the product.
COST OF CREDIT. The cost of credit is determined as follows:
COST OF CREDIT. 6.1 The Account Holder shall pay the costs of the credit as stated these terms and conditions. The costs that can be charged for the credit are statement fee/administration fee and interest. The statement fee is charged on each statement. Swedbank Pay is entitled to increase the fees where this is the result of increases in the costs which the fees are intended to cover. The Account Holder shall be notified of such changes to fees no later than one month in advance. Interest is calculated on the unpaid credit amount at any given time and is charged monthly in arrears. Swedbank Pay is entitled to adjust the interest rate for the credit provided to the extent that this is the result of credit policy decisions, increased borrowing costs or other cost increases which Swedbank Pay could not reasonably have foreseen. The Account Holder shall be notified of any interest rate adjustments before these come into effect. Swedbank Pay shall be obliged to apply these conditions even where they are to the benefit of the Account Holder.
COST OF CREDIT a. Balance subject to and rate of INTEREST CHARGE – If your Card features an Introductory Rate for purchases, until the first day of the billing cycle that includes the 12-month anniversary date of the opening of your Account, you will pay an INTEREST CHARGE for all purchases made at the Introductory Rate Daily Periodic Rate and corresponding ANNUAL PERCENTAGE RATE (“APR”) set forth in the Account Opening Disclosures.Thereafter, and for cash advances at all times, including during any Introductory Rate period, you will pay an INTEREST CHARGE for all advances made against your Account at the Standard Rate Daily Periodic Rate and corresponding APR set forth in the Account Opening Disclosures. Balance transfers may be subject to a temporary Promotional Rate as set forth in the Account Opening Disclosures, and will be subject to the Standard Rate Daily Periodic Rate and APR after any Promotional Rate period. If a temporary Promotional Rate does not apply, balance transfers will be subject to the Standard Rate Daily Periodic Rate and APR at all times, including during any Introductory Rate period for purchases. Cash advances, including balance transfers, incur an INTEREST CHARGE from the date they are posted to the Account. New purchases will not incur an INTEREST CHARGE on the date they are posted to the Account if you have paid the Account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional INTEREST CHARGE will be incurred whenever you pay the Account in full by the Payment Due Date. We calculate the periodic INTEREST CHARGE on your Account by applying the applicable Daily Periodic Rate to the Average Daily Balance of your Account for each feature category, including certain current transactions. Feature categories include purchases, balance transfers, cash advances and promotional balances.These calculations may combine different feature categories with the same Daily Periodic Rates.The Average Daily Balance for each feature category is arrived at by taking the beginning balance of each feature category each day and adding any new transactions to the balance, except we will not include new purchases if you have paid in full the New Balance on your previous statement by the Payment Due Date or if the New Balance on your previous statement was zero or reflected a credit balance.We then subtract any payments or credits and unpaid INTEREST CHARGES and FINANCE CHARGES allocated to the feature categor...
