Minimum Interest Charge has the meaning given in Section 2.2(b).

Minimum Interest Charge. If your account is subject to interest charges in a billing cycle and those interest charges are less than the Minimum Interest Charge listed in the Schedule, you will be charged the Minimum Interest Charge. Under law, the Minimum Interest Charge is treated as a fee. If the Minimum Interest Charge is charged, all the below will apply: (a) It will appear under the “Fees” section of your statement. (b) We will add it to the Balance Category we select. (c) You will not be charged other interest charges for that statement.

Minimum Interest Charge. The minimum Interest Charge, if any, imposed on your Account will be at least $1.00. The Pricing Information Disclosure discloses the actual minimum Interest Charge applicable to your Account.

## Examples of *Minimum Interest Charge* in a sentence

**Minimum Interest Charge**If you are charged interest, the charge will be no less than $1.75.**Minimum Interest Charge**If you are charged interest, the charge will be no less than $0.50 on purchases and $3.00 on cash advances.**Minimum Interest Charge**If you are charged interest, the charge will be no less than $1.50.

## More Definitions of *Minimum Interest Charge*

Minimum Interest Charge has the meaning set forth in the Schedule.

Minimum Interest Charge. If interest is accruing on the principal balance due under this Agreement, but the total of such interest for purchases is less than $.50 in a billing period, RAF will assess a minimum interest charge of $.50 in a billing period. Payments: Each Special Promotion program may include separate payments identified in your Billing Statement. Failure to make any payment on time may be considered a default under this Agreement. The balance shown on your Billing Statement may include amounts subject to different periodic rates. The sooner you pay the balance shown on your Billing Statement, the less you will pay in interest. Instructions for making payments are on your Billing Statement. In order to be credited as of a particular day, your payment must be received by RAF by the date and time specified in the Billing Statement. Do not send cash payments. RAF can accept late or partial payments, as well as payments that reflect “paid in full” or other restrictive endorsements, without losing any of its rights under this Agreement. If your payment due date falls on a Saturday, Sunday or holiday, the payment due date will not be extended. You may, at any time, prepay the balance due under this Agreement in full or make partial repayments hereon, without penalty or premium. Depending upon the terms of any applicable Special Promotion governing your Advance(s), all or a portion of your balance may require periodic payments. For that portion of your balance that requires a periodic payment, RAF must receive at least the Minimum Payment (as defined herein), as calculated below, by the payment due date. The Minimum Payment (as defined herein) is calculated as follows: the sum of all accrued interest plus interest which is estimated to accrue through the payment due date plus any principal reduction required based on the applicable program criteria (which you acknowledge receipt of or as may be subsequently disclosed to you by RAF or Dealer) plus any amount that is past due and any amount in excess of your credit limit plus any costs and/or fees incurred by RAF in conjunction with this Agreement (“Minimum Payment”). An increase in the variable rate will have the effect of increasing the monthly and final payments. Maturity Date: The maturity date is the date in which the Advance is due in full (“Maturity Date”). The Maturity Date of each advance shall be identified to you by RAF on the Billing Statement (as defined herein). Failure to pay this amount on the Maturity Date co...

Minimum Interest Charge shall have the meaning set forth in the Loan Schedule.

Minimum Interest Charge. If you are charged interest, the charge will be no less than $1.00. For Credit Card Tips from the Consumer Financial Protection Bureau: To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at xxxx://xxx.xxxxxxxxxxxxxxx.xxx/learnmore. Fees Annual Fee: $29 Transaction Fees: • Balance Transfers • Cash Advances • Foreign Transactions Either $5 or 3% of the amount of each transfer, whichever is greater. Either $10 or 5% of the amount of each cash advance, whichever is greater. 3% of each transaction in U.S. dollars Penalty Fees: • Late Payment • Returned Payment Up to $40 Up to $40 How We Will Calculate Your Balance: We use a method called “Average Daily Balance (including Current Transactions).” See your account agreement for more details. Billing Rights: Information about your rights to dispute transactions and how to exercise those rights is provided in your account agreement. Margins: For Purchases, 19.74% will be added to the Index For Balance Transfers, 19.74% will be added to the Index For Cash Advances, 21.99% will be added to the Index The corresponding DAILY PERIODIC RATES as of November 09, 2021 are: For Purchases, 0.0629863% For Balance Transfers, 0.0629863% For Cash Advances, 0.0691507%

Minimum Interest Charge means $157,500; provided, however, if the Companies’ consolidated audited Financial Statement for their fiscal year ending May 31, 2004 shall indicate consolidated Net Income of not less than $2,000,000, then the Minimum Interest Charge shall be reduced to $135,000 commencing with the first day of the Loan Year which began following the close of such fiscal year; provided, further, that if a Default Period is continuing at the time when such reduction would otherwise be made, then no reduction of the Minimum Interest Charge shall be made unless and until such Default Period is no longer continuing.

Minimum Interest Charge. If you are charged Interest, the charge will be no less than the Minimum Interest Charge of $1.00. The Minimum Interest Charge will be allocated to each balance category subject to an Interest Charge. Balance Transfer Fee: Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check. Cash Advance Fee: Either $10 or 4%, whichever is greater, will apply on each cash advance transaction. Overdraft Transaction Fee: Either $10 or 4%, whichever is greater, will apply on the overdraft amount. FEES AND LIMITS Annual or Periodic Membership Fee: $0 Late Payment Fee: The amount of the Late Payment Fee is shown below. The Late Payment Fee will not exceed the amount of your Minimum Payment Due. Late Payment Fee is $27 the first time your payment is late; and, if another payment is late during the next 6 billing cycles the Late Payment Fee is $37. Over the Credit Limit Fee: $0 Returned Payment Fee: $25. In no event will your Returned Payment Fee exceed the Minimum Payment Due.

Minimum Interest Charge is defined in Section 2.5(c).