Common use of Finance Charge Clause in Contracts

Finance Charge. The FINANCE CHARGE (interest) is calculated at a monthly periodic rate deter- mined by dividing the applicable ANNUAL PERCENTAGE RATE by twelve. The ANNUAL PERCENTAGE RATE is subject to change quarterly. You have a 25 day grace period on your purchase balance and for new purchases if you pay the Total New Balance for purchases by the Payment Due Date on your last statement. You also have a 25 day grace period for new purchases if you did not have a purchase balance on your last statement. The grace period starts on the statement clos- ing date. If you do not pay the Total New Balance for purchases by the end of the grace period, A FINANCE CHARGE will be imposed on the unpaid purchase balance from the first day of the next billing cycle and on new purchases from the date they are posted to your account. A FINANCE CHARGE is imposed on cash advances, convenience checks, and balance transfers from the date they are posted to your account. Separate average daily balances are calculated for purchases and cash advances. The FINANCE CHARGE is calculated by multiply- ing the average daily balances by the monthly periodic rate. To get each average daily balance, the daily balances for purchases and cash advances for the billing cycle are added and the totals are divided by the number of days in the cycle. To get the daily balance for cash advances, new cash advances are added to the day's beginning balance and payments and credits are subtracted. To get the daily balance for purchases, new purchases are added to the day's beginning balance and payments and credits are subtracted; how- ever, new purchases are not added if you paid the Total New Balance for purchases on your last statement by the Payment Due Date or if you did not have a purchase balance on your last statement. Unpaid fees and finance charges from the prior month are included in the calculation of the average daily balance. A FINANCE CHARGE will continue to accrue on your account until what you owe under this Agreement is paid in full.

Finance Charge. The FINANCE CHARGE (interest) is calculated at a monthly periodic rate deter- mined by dividing the applicable ANNUAL PERCENTAGE RATE by twelve. The ANNUAL PERCENTAGE RATE is subject to change quarterly. You have a 25 25-day grace period on your purchase balance and for new purchases if you pay the Total New Balance for purchases by the Payment Due Date on your last statement. You also have a 25 25-day grace period for new purchases if you did not have a purchase balance on your last statement. The grace period starts on the statement clos- ing closing date. If you do not pay the Total New Balance for purchases by the end of the grace period, A a FINANCE CHARGE will be imposed on the unpaid purchase balance from the first day of the next billing cycle and on new purchases from the date they are posted to your account. A FINANCE CHARGE is imposed on cash advances, convenience checks, and balance transfers from the date they are posted to your account. Separate average daily balances are calculated for purchases and cash advances. The FINANCE CHARGE is calculated by multiply- ing multiplying the average daily balances by the monthly periodic rate. To get each average daily balance, the daily balances for purchases and cash advances for the billing cycle are added and the totals to- tals are divided by the number of days in the cycle. To get the daily balance for cash advances, new cash advances are added to the day's beginning balance and payments and credits are subtracted. To get the daily balance for purchases, new purchases are added to the day's beginning balance and payments and credits are subtracted; how- ever, new purchases are not added if you paid the Total New Balance for purchases on your last statement by the Payment Due Date or if you did not have a purchase balance on your last statement. Unpaid fees and finance charges from the prior month are included in the calculation of the average daily balance. A FINANCE CHARGE will continue to accrue on your account until what you owe under this Agreement is paid in full.

Finance Charge. The FINANCE CHARGE (interest) is calculated at a monthly periodic rate deter- mined by dividing the applicable ANNUAL PERCENTAGE RATE by twelve. The ANNUAL PERCENTAGE RATE is subject to change quarterly. You have a 25 day grace period on your purchase balance and for new purchases if you pay the Total New Balance for purchases by the Payment Due Date on your last statement. You also have a 25 day grace period for new purchases if you did not have a purchase balance on your last statement. The grace period starts on the statement clos- ing date. If you do not pay the Total New Balance for purchases by the end of the grace period, A FINANCE CHARGE Finance Charge will be imposed on Visa® Cash Advances that you obtain through the unpaid purchase balance from use of your card during the first day of the next current billing cycle and on new purchases from the date they are posted to your account. A FINANCE CHARGE is imposed on cash advances, convenience checks, and balance transfers from the date they are posted to your account. Separate average daily balances are calculated for purchases and cash advancesof each such Cash Advance. The FINANCE CHARGE balance of Cash Advances subject to a Finance Charge is calculated by multiply- ing the average daily balances by the monthly periodic rate. To get each average daily outstanding unpaid balance, which is determined by dividing the sum of the daily balances for purchases and cash advances for during the billing cycle are added and the totals are divided by the number of days in the cycle. To get the Each daily balance of Cash Advances is determined by adding any new Cash Advances as of the transaction date or the first day of the billing cycle in which posted, whichever is later, to previous balance, excluding any unpaid Finance Charges, and subtracting each payment and credit on the date of receipt. The Finance Charge for cash advances, new cash advances are added to the day's beginning balance and payments and credits are subtracted. To get the daily balance for purchases, new purchases are added to the day's beginning balance and payments and credits are subtracted; how- ever, new purchases are not added if you paid the Total New Balance for purchases on your last statement a billing cycle is computed by the Payment Due Date or if you did not have a purchase balance on your last statement. Unpaid fees and finance charges from the prior month are included in the calculation of multiplying the average daily balancebalance by the daily rate and the number of days in the cycle. A FINANCE CHARGE Finance Charge will be imposed on Credit Purchase of goods and service that you obtain through the use of your card only if you elect not to pay the entire New Balance shown on your previous monthly statement within 25 days from the closing date of the statement. If you elect not to pay the entire New Balance shown on your previous monthly statement, a Finance Charge will be imposed on the unpaid balance of Credit Purchases from the statement closing date and Credit Purchases made during the current billing cycle from the date of posting each such Credit Purchase to the account, and will continue to accrue until the closing date of the billing cycle preceding the date on your account until what you owe under this Agreement which the entire New Balance is paid in full. If the New Balance indicated on your statement for the prior monthly period is paid in full within 25 days after the closing date, no Finance Charge will be imposed during the current billing cycle for Credit Purchases made during previous billing cycles. The balance of Credit Purchases subject to a Finance Charge is the average daily outstanding unpaid balance, which is determined by dividing the sum of the daily balances during the billing cycle by number of days in the cycle. Each daily balance of Credit Purchases is determined by adding to the previous balance new Credit Purchases posted through the date if the previous balance was not paid in full within 25 days of the statement closing date, and subtracting each payment and credit on the date of receipt, but excluding any unpaid Finance Charges. The Finance Charge for a billing cycle is computed by multiplying the average daily balance by the daily rate and the number of days in the cycle, using Average Daily Balance (including new purchases) Method.