How Rates and Fees Work. Rates When the penalty APR will apply The penalty APR applies to all balances on your account if: ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due; ● you do not pay at least the Minimum Payment Due by the Payment Due Date 2 times in 12 billing periods; or ● your payment is returned by your bank. How long the penalty APR will apply The penalty APR will continue to apply until after you have made timely payments with no returned payments for 12 billing periods in a row.
Appears in 63 contracts
Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement
