Interest Avoidance Balance definition
Examples of Interest Avoidance Balance in a sentence
Interest Avoidance Balance Pay the Interest Avoidance Balance every month by your due date to avoid interest on non- Installment Plan purchases and avoid prematurely paying off your Installment Plan Balances.
If you do not pay your New Balance or Interest Avoidance Balance, as shown on your statement, in full each month, you may not avoid paying interest on your new, regular purchases.
Your account is in an interest-free period when you have paid the New Balance or Interest Avoidance Balance shown on your most recent billing statement by the due date and time If you do not pay the New Balance or Interest Avoidance Balance shown on your most recent billing statement by the due date and time, When your account is in an interest- free period, we will not charge you interest on new purchases.
You can avoid unplanned FINANCE CHARGES on purchases by paying the New Balance or the Interest Avoidance Balance in full each month by the due date.
A finance charge will accrue on new purchases on the first day of the next billing cycle, unless you paid the entire new balance or Interest Avoidance Balance on the previous cycle’s billing statement by the payment due date on that statement.
You may pay more frequently, pay more than the minimum payment, pay the Interest Avoidance Balance, or pay the Total New Balance in full.
If you have been paying your account in full without interest charges, but fail to pay your next “New Balance” (or Interest Avoidance Balance, If applicable) in full, we will charge you interest on the outstanding unpaid Average Daily Balance of purchases.
If you pay your statement’s “New Balance” (or Interest Avoidance Balance, if applicable) in full by the due date each month, we will not charge interest on any new purchases that post to the standard purchase balance.
There will be six (6) month low census measuring periods, one commencing with the first full 4-week work cycle following January 1 and the other commencing with the first full 4-week work cycle following July 1.
We will mail you a statement every month showing your Previous Balance, Credit Line Limit, the current transactions on your account, the remaining credit available under your Credit Line, the New Balances of purchases and cash advances, the Total New Balance, the Interest Avoidance Balance, any Installment plans you have entered into, the FINANCE CHARGE due to date, and the Minimum Payment required.