Finance Charge. Each Receivable provides for the payment of a finance charge or shall yield interest calculated on the basis of an APR ranging from 0.50% to 22.24%.
Finance Charge. Except during any introductory or promotional period, the FINANCE CHARGE (INTEREST) for purchases and balance transfers will equal the sum of the Prime Rate as listed in the Money Rates Section of Eastern edition of The Wall Street Journal on the last business day of each month plus a margin based upon your cumulative credit history. Your margin, initial Monthly Periodic Rate and corresponding ANNUAL PERCENTAGE RATE (APR) for purchases and balance transfers are as set forth in the Account Opening Disclosures provided to you at the time of the delivery of this agreement, the terms of which are incorporated herein by reference. The FINANCE CHARGE for purchases and balance transfers will be subject to a maximum of the lesser of 18.00% APR or the highest APR then permitted by applicable law. The FINANCE CHARGE (INTEREST) for cash advances will equal the sum of the Prime Rate plus 17.99%, subject to a maximum of the lesser of 18.00% APR or the highest APR then permitted by applicable law. If the index is discontinued or is no longer available, a successor index setting forth the prime rate will be chosen by us. To avoid incurring an additional FINANCE CHARGE on purchases and balance transfers reflected on your periodic statement and on any new purchases and balance transfers appearing on your next statement, you must pay the new balance for purchases and balance transfers shown on the periodic statement on or before the Payment Due Date. The FINANCE CHARGES for a billing cycle are computed by applying the Monthly Periodic Rate to the average daily balance of (i) purchases, (ii) balance transfers, or (iii) cash advances, as the case may be, which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle. Separate average daily balances are calculated for (i) purchases, (ii) balance transfers, and (iii) cash advances. Each daily balance of (i) purchases,(ii)balance transfers, or (iii) cash advances, as the case may be, is determined by adding to the previous balance of (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, any new (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, posted to your account and subtracting any payments as received and credits posted to your account and applied to (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, but excluding any unpaid FINANCE CHARGES. FINANCE CHARGES will begin to accru...
Finance Charge. New purchases posted to your account during a billing cycle will not incur a finance charge for that billing cycle if you had a zero or credit balance at the beginning of that billing cycle or if you paid the entire New Balance on the previous cycle’s billing statement by the Payment Due Date of that statement; otherwise a finance charge will accrue from the date a purchase is posted to your account. To avoid an additional finance charge on the balance of purchases, you must pay the entire New Balance on the billing statement by the Payment Due Date of that statement. A finance charge begins to accrue on cash advances from the date you get the cash advance or from the first day of the billing cycle in which the cash advance is posted to your account, whichever is later. The FINANCE CHARGE (the periodic rate is * per month, ANNUAL PERCENTAGE RATE of *) is calculated separately for purchases and cash advances. For purchases, the finance charge is computed by applying the monthly periodic rate to the average daily balance of purchases. To get the average daily balance of purchases, we take the beginning outstanding balance of purchases each day, add any new purchases and subtract any payments and/or credits that we apply to the purchase balance. This gives us the daily balance of purchases. Then, we add all the daily balances of the purchases for the billing cycle together and divide the total by the number of days in the billing cycle. This gives us the average daily balance of purchases. For cash advances, the finance charge is computed by applying the monthly periodic rate to the average daily balance of cash advances. To get the average daily balance of cash advances, we take the beginning outstanding balance of cash advances each day, add any new cash advance balance. This gives us the daily balance of cash advances. Then, we add all the daily balances of cash advances for the billing cycle together and divide the total by the number of days in the billing cycle. This gives us the average daily balance of cash advances. Default APR: If at any time your account is 60 days or more past due, we may increase your rate to 17.99%. The Default APR increase will cease to apply if we receive 6 consecutive required minimum payments from you on or before the payment due date, beginning with the first payment due following the effective date of the increase.
Finance Charge. Each Receivable provides for the payment of a finance charge calculated on the basis of an APR ranging from ____% to _____%.
Finance Charge a. When a FINANCE CHARGE will accrue: Purchases. A FINANCE CHARGE will be imposed on purchases from the date each purchase is posted to your Account to the date paid. If, however, the outstanding balance on your prior monthly statement was paid in full prior to the statement due date or was zero and you pay your entire New Balance in full within 25 days after the closing date, no FINANCE CHARGE will be imposed on your purchases. This “grace period for purchases” allows you to avoid a FINANCE CHARGE on purchases for a billing cycle. Balance Transfers and Cash Advances. A FINANCE CHARGE will be imposed on balance transfers and cash advances from the date each cash advance or balance transfer is posted to your Account to the date paid. There is no time period within which to pay to avoid a periodic FINANCE CHARGE on cash advances or balance transfers.
Finance Charge. Each Receivable provides for the payment of a finance charge calculated on the basis of the APR stated in the related Contract and such APR has not been modified except as otherwise required under the Servicemembers Civil Relief Act, as amended.
Finance Charge. You can avoid the FINANCE CHARGE on purchases by paying the full amount of the New Balance Total each month within 25 days of your statement closing date. Otherwise, the New Balance, including purchases, cash advances, and subsequent purchases from the date they are posted to your account, will be subject to the FINANCE CHARGE. Cash advances, balance transfers, convenience checks are always subject to the FINANCE CHARGE from the date they are posted to your account. The FINANCE CHARGE (interest) is calculated on the average daily principal balances of purchases and cash advances in the account at the daily periodic rate and corresponding Annual Percentage Rate disclosed in the Cash Back Visa Credit Card Approval Letter. The principal balances of purchases, cash advances and balance transfers are determined each day during the statement period, beginning with the principal portion of your Previous Balances, reduced by payments you make and credits we apply, and increased by purchases, cash advances and balance transfers you make and debit adjustments we make during the statement period. The daily principal balances are totaled and divided by the number of days in the statement period, to produce separate average daily principal balances for purchases, cash advances and balance transfers to which the periodic rate is then applied.
Finance Charge. The Insurance Company may impose a finance charge of 5% per month. This applies to the amount of any Aggregate Premiums not remitted to the Insurance Company on or before the first day of any billing period after the expiration of the Grace Period. This applies through the duration of this Policy.
Finance Charge. We will impose finance charges on your Account by applying the Periodic Rate to your average daily balance (Credit Purchases, Balance Transfers and Cash Advances).
Finance Charge. Subject to the exceptions and conditions stated below, you agree to pay a “Finance Charge” on your Account. The Finance Charge may include, as applicable, a periodic rate interest charge on your Account balances (see Section 13 below), certain transaction-based fees (see Section 14 below), and a minimum interest charge, under certain circumstances. A minimum interest charge will be charged to your Account for any Billing Period in which a Finance Charge is due. The amount of the minimum interest charge is set forth in the Account Opening Disclosures.
