Common use of Finance Charge Clause in Contracts

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.

Appears in 7 contracts

Sources: Credit Card Agreement, Credit Card Agreement, Credit Card Agreement