Common use of Finance Charge Clause in Contracts

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. b. Periodic Rates used to compute FINANCE CHARGE:

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. (* Beginning 60 days after your account setup, the Periodic Rate and Corresponding ANNUAL PERCENTAGE RATE for new Balance Transfers will be the same as the rate for Card Purchases). b. Periodic Rates used to compute FINANCE CHARGE:

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. b. Periodic Rates used to compute FINANCE CHARGE: