HOW TO AVOID PAYING INTEREST ON PURCHASES. The number of days until your Payment Due Date after the close of each billing cycle is indicated in the Interest Rates and Interest Charges section of this Agreement. We will not charge you Interest on purchases if you pay your entire balance by the due date each month. Interest charges begin on the transaction date and continue to accrue until paid in full except as noted below: EXCEPTIONS
HOW TO AVOID PAYING INTEREST ON PURCHASES. You can avoid paying interest on Purchase (other than Balance Transfers) posted to your Account if you pay the entire New Balance of your Account each month not later than the Payment Due Date shown on your Account statement. If any portion of the balance of your Account is subject to an introductory or promotional rate, to avoid paying interest on Purchases (other than Balance Transfers) posted to your Account during the billing cycle you must pay the entire New Balance (including any part of the balance that is subject to the introductory or promotional rate) shown on the statement of your Account for that billing cycle by the Payment Due Date shown on the statement. If you fail to pay the entire New Balance of your Account before the Payment Due Date in any month, you can again avoid paying interest on Purchase (other than Balance Transfers) in the manner described above after you have paid the entire New Balance of your Account by the Payment Due Date for two consecutive months.
HOW TO AVOID PAYING INTEREST ON PURCHASES. Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. Minimum Interest Charge A minimum Interest Charge of $2.00 will be assessed for each billing cycle in which an Interest Charge is payable. Annual Fee $0. Transaction Fees • Balance Transfer Fee • Cash Advance Fee • Foreign Transaction Fee None. None. None. Penalty Fees • Late Payment • Over the Credit Limit Fee • Returned Payment Up to $35. None. Up to $25.
HOW TO AVOID PAYING INTEREST ON PURCHASES. Your due date is at least 21 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire new balance by the due date each month.
HOW TO AVOID PAYING INTEREST ON PURCHASES. Unless described differently in the Special Interest Terms section below, you can avoid interest on any portion of a purchase balance shown on your current statement that you pay by the Payment Due Date if the balance shown on your previous statement was zero or was paid in full by the Payment Due Date. HOW WE CALCULATE INTEREST—AVERAGE DAILY BALANCE METHOD (INCLUDING NEW PURCHASES). The total interest charge is the sum of interest charges (excluding deferred interest charges) for each type of balance on your Account (e.g. regular, each special terms balance). We figure the interest charge for each type of balance on your Account by applying the daily periodic rate to the average daily balance (“ADB”). Then, we multiply this amount by the number of days in the Billing Cycle. Interest charge = daily periodic rate x ADB x number of days in the Billing Cycle. ADBs for each type of balance are calculated separately, starting with the beginning balance on the first day of each Billing Cycle. The beginning balance on the first day of the Billing Cycle includes the following: • The prior Billing Cycle’s ending balance, which includes any unpaid fees posted to your Account in the prior Billing Cycle. • Any late payment fees posted in the current Billing Cycle that are related to a late payment in the prior Billing Cycle. To get the ADB for each type of balance, we take the beginning balance each day and add any new purchases. Except for the first day of each Billing Cycle, we add interest equal to the previous day’s balance multiplied by the daily periodic rate. (This means interest is compounded daily.) Then, we subtract any payments or credits. This gives us the daily balance. Any daily balance that is a credit balance will be treated as zero. Then, we add up all the daily balances for the Billing Cycle. We divide this amount by the number of days in the Billing Cycle. This gives us the ADB. ADB = sum of daily balances ÷ number of days in the Billing Cycle.
HOW TO AVOID PAYING INTEREST ON PURCHASES. If you make Purchases during a billing cycle with no Previous Balance on the Statement or where the sum of payments and credits is at least equal to the Previous Balance, no Interest Charges are added to your American Express Account for that billing cycle. If you pay the Total New Balance on that Statement by the Payment Due Date, you can avoid Interest Charges for those Purchases during the next billing cycle. However, if you pay less than the full balance, you still avoid Interest Charges on that portion of the balance paid. If you make a Purchase during a billing cycle with an unpaid Previous Balance, we will begin charging interest on the Purchase from the date it is added to the balance and continue to accrue interest until payment in full is credited to your American Express Account. You can avoid Interest Charges on new Purchases that appear on your current Statement if you pay your Total New Balance by the Payment Due Date on your current Statement.
HOW TO AVOID PAYING INTEREST ON PURCHASES. If you pay the entire unpaid balance on your Account reflected on your previous monthly statement (the “New Balance”) in full by the due date shown on that monthly statement, we will not charge you interest on any new Purchases during the current statement period. Also, we will not charge interest on any portion of your new Purchases that you repay while those Purchases are subject to an interest free period as described in the prior sentence. Periodic Rates and Annual Percentage Rates of the Interest Charge The periodic rates we use to compute interest on your Account and the corresponding annual percentage rates are described below:
HOW TO AVOID PAYING INTEREST ON PURCHASES. Your due date is at least 25 days after the close of each billing cycle. Interest on purchases will not be charged if you pay your entire balance by the Payment Due Date each month, Variable Rate: The Monthly Periodic rate of INTEREST CHARGE for New Purchases and Cash Advances (as defined in “Calculation of Interest Charge” below) is a variable rate equal to an index rate plus .583% (which variable rate corresponds to an ANNUAL PERCENTAGE RATE equal to the index rate plus 7.0%). An increase or decrease in the index rate will result in a corresponding increase or decrease in the variable, monthly Periodic Rate applicable to New Purchases and Cash Advances, unless the floor rate is in effect. Such increases or decreases shall be effective on the first day of the billing cycle and shall be based on the index rate applicable on the last business day of that month which is immediately prior to the month in which such billing cycle commences. Such increases or decreases may occur as frequently as monthly. An increase in the variable monthly Periodic Rate (and the corresponding ANNUAL PERCENTAGE RATE) applicable to New Purchases and Cash Advances will increase the INTEREST CHARGE and your payments may be greater. The index rate, unless subsequently changed by the Issuer, shall be the prime commercial lending rate as quoted in the Wall Street Journal. The prime commercial lending rate as quoted in the Wall Street Journal is a rate used solely for reference purposes. No inference should be drawn that such a rate of interest is necessarily available to any customer(s) for any purpose.
HOW TO AVOID PAYING INTEREST ON PURCHASES. Your Payment Due Date is at least 25 days after the close of each Billing Cycle. We will not charge you any Interest on Purchases if you pay your entire New Balance by the Payment Due Date each month.
HOW TO AVOID PAYING INTEREST ON PURCHASES. Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases if you pay the entire balance due each month. We will begin charging interest on balance transfers, cash advances, and overdraft advances, if enrolled, on the transaction date. 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 Transaction Fees · Cash Advance · Overdraft Protection Advance (if enrolled) · Foreign Transaction · $2 · $5 per day · Up to 1% of transaction amount Penalty Fees · Late Payment · Returned Payment · $25 · $15
