Minimum Interest Charge definition

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

Minimum Interest Charge has the meaning given in Section 2.12(c).

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...

Examples of Minimum Interest Charge in a sentence

• Minimum Interest Charge If you are charged interest, the charge will be no less than $1.00.

• Minimum Interest Charge If you are charged interest, the charge will be no less than $2.00 per credit plan 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.

• This gives us the “average daily balance” for your Account for each of these types of transactions.Calculating Interest and Other Finance Charges; Minimum Interest Charge: We figure the interest on Purchases (including Balance Transfers) and Cash Advances charged to your Account by multiplying each of the “average daily balances” of your Account by the applicable daily periodic rate of interest and then by the number of days in the billing cycle, and by adding the resulting products together.

• Minimum Interest Charge If you are charged interest, the charge will be no less than $1.00 per credit plan 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.

• Minimum Interest Charge If you are charged interest, the charge will be no less than $1.50 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.

More Definitions of Minimum Interest Charge

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

Minimum Interest Charge is defined in Section 2.6(c).

Minimum Interest Charge. With respect to each calendar month or portion thereof during the term of this Agreement (excluding the calendar month in which this Agreement is executed for which a pro-rated share shall be charged, if applicable), Borrower shall also pay Lender, on the first day of the next month, as a minimum charge, the amount by which accrued interest pursuant to the Revolving Interest Rate section above for such month or portion thereof is less than $1,500.00 (the "Minimum Interest Charge"). Notwithstanding the occurrence of any Event of Default hereunder or termination of this Agreement by Lender as a result thereof, the Minimum Interest Charge shall be paid by Borrower for the unexpired portion of the initial term or any renewal term of this Agreement.

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

Minimum Interest Charge is defined in Section 1.6(b).

Minimum Interest Charge has the meaning given in Section 2.6(b).

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: TD Cash: None TD First Class: $89 (waived for the first year) Transaction Fees: • Balance Transfers • Cash Advances Either $5 or 3% of the amount of each transfer, whichever is greater. TD Cash: Either $10 or 5% of the amount of each cash advance, whichever is greater. TD First Class: Either $10 or 3% of the amount of each cash advance, whichever is greater. • Foreign Transactions TD Cash: 3% of each transaction in U.S. dollars TD First Class: None 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.