Common use of Interest Charge Clause in Contracts

Interest Charge. An Interest Charge will be imposed on purchases included in the New Balance that remains unpaid on the 10th day of the month following the billing cycle. This “grace period” allows you to avoid an Interest Charge on purchases for a billing cycle. However, if you do not pay the New Balance for purchases within the grace period, your Interest Charge will accrue on any purchase transaction from the date of purchase. Your Account has a variable rate feature and the Periodic Rate and corresponding Annual Percentage Rate (Interest Rate). The Interest Rate is based on the value of an index and can change monthly effective the first day of the billing cycle. The index is: The Wall Street Journal Prime rate on the first day of each month as published in The Wall Street Journal, divided by 3 and rounded up to the nearest .50%. We add a margin of 8.4, 11.4 or 18.4 to the index. The margin we add is based on your creditworthiness. The total of the index plus the margin amount that we add is the Interest Rate. The Interest Rate includes only interest and no other costs. Any increase or decrease in the Interest Rate will affect the amount and number of the monthly payments you will make. The amount of the margin and the current Interest Rate that will apply to your Account will be disclosed with your Card. Interest Charges are calculated at the daily Periodic Rate (the Annual Percentage Rate divided by 365; for example, an APR of 13.4% would have a daily Periodic Rate of 0.036712%), on the average daily balances of purchases, balance transfers and cash advances in the account. We figure the Periodic Interest Charge on your Account by applying the Periodic Rate to the “Average Daily Balance” of the account including current purchases and cash advances for your Account. We take the beginning purchase and cash advance balances of your Account each day, add any new purchases and cash advances and subtract any payments or credits, unpaid Interest Charges and unpaid late charges to get the daily balance. We then add up all the daily balances and divide by the number of days in the billing cycle to get the Average Daily Balance. The Interest Charge is determined by multiplying the average daily balance by the number of days in the billing cycle and applying the Periodic Rate to the amount. No Interest Charge is imposed on purchases to the extent payments and credits for purchases are made on or before the 10th day of the month following the previous billing cycle.

Interest Charge. An Interest Charge will be imposed on purchases included in the New Balance that remains remain unpaid on the 10th day of the month following the billing cycle. This “grace period” allows you to avoid an Interest Charge on purchases for a billing cycle. However, if you do not pay the New Balance for purchases within the grace period, your Interest Charge will accrue on any purchase transaction transactions from the date of purchase. For Platinum Cards - Your Account has a variable rate feature and the fixed Periodic Rate and corresponding Annual Percentage Rate (Interest Rate)) as follows: • Purchases & Balance Transfers - Periodic Rate. The 0.026027% and Annual Percentage Rate (Interest Rate is based on the value of an index and can change monthly effective the first day of the billing cycle. The index is: The Wall Street Journal Prime rate on the first day of each month as published in The Wall Street Journal, divided by 3 and rounded up to the nearest .50Rate) 9.5%. We add a margin of 8.4, 11.4 or 18.4 to the index• Cash Advances - Periodic Rate. The margin we add is based on your creditworthiness. The total of the index plus the margin amount that we add is the 0.035342% and Annual Percentage Rate (Interest Rate) 12.9%. The For Classic, Student & Secured Cards - Your Account has a fixed Periodic Rate of .035342% and Annual Percentage Rate (Interest Rate includes only interest and no other costs. Any increase or decrease in the Interest Rate will affect the amount and number Rate) of the monthly payments you will make. The amount of the margin and the current Interest Rate that will apply to your Account will be disclosed with your Card12.9%. Interest Charges are calculated at the daily Periodic Rate (the Annual Percentage Rate divided by 365; for example, an APR of 13.412.9% would have a daily Periodic Rate of 0.036712%), on 0.035342%),on the average daily balances of purchases, balance transfers and cash advances in the account. We figure the Periodic Interest Charge on your Account by applying the Periodic Rate to the “Average Daily Balance” of the account including current purchases and cash advances for your Account. We take the beginning purchase and cash advance balances of your Account each day, add any new purchases and cash advances and subtract any payments or credits, unpaid Interest Charges and unpaid late charges to get the daily balance. We then add up all the daily balances and divide by the number of days in the billing cycle to get the Average Daily Balance. The Interest Charge is determined by multiplying the average daily balance by the number of days in the billing cycle and applying the Periodic Rate to the amount. No Interest Charge is imposed on purchases to the extent payments and credits for purchases are made on or before the 10th day of the month following the previous billing cycle.

Interest Charge. An Interest Charge will be imposed on purchases included in the New Balance that remains remain unpaid on the 10th day of the month following the billing cycle. This “grace period” allows you to avoid an Interest Charge on purchases for a billing cycle. However, if you do not pay the New Balance for purchases within the grace period, your Interest Charge will accrue on any purchase transaction from the date of purchase. Your Account has a variable rate feature and the Periodic Rate and corresponding Annual Percentage Rate (Interest Rate). The Interest Rate is based on the value of an index and can change monthly effective the first day of the billing cycle. The index is: The Wall Street Journal Prime rate on the first day of each month as published in The Wall Street Journal, divided by 3 and rounded up to the nearest .50%. We add a margin of 8.4, 11.4 or 18.4 to the index. The margin we add is based on your creditworthiness. The total of the index plus the margin amount that we add is the Interest Rate. The Interest Rate includes only interest and no other costs. Any increase or decrease in the Interest Rate will affect the amount and number of the monthly payments you will make. The amount of the margin and the current Interest Rate that will apply to your Account will be disclosed with your Card. Interest Charges are calculated at the daily Periodic Rate (the Annual Percentage Rate divided by 365; for example, an APR of 13.4% would have a daily Periodic Rate of 0.036712%), on the average daily balances of purchases, balance transfers and cash advances in the account. We figure the Periodic Interest Charge on your Account by applying the Periodic Rate to the “Average Daily Balance” of the account including current purchases and cash advances for your Account. We take the beginning purchase and cash advance balances of your Account each day, add any new purchases and cash advances and subtract any payments or credits, unpaid Interest Charges and unpaid late charges to get the daily balance. We then add up all the daily balances and divide by the number of days in the billing cycle to get the Average Daily Balance. The Interest Charge is determined by multiplying the average daily balance by the number of days in the billing cycle and applying the Periodic Rate to the amount. No Interest Charge is imposed on purchases to the extent payments and credits for purchases are made on or before the 10th day of the month following the previous billing cycle.

Interest Charge. An Interest Charge will be imposed on purchases included in the New Balance that remains remain unpaid on the 10th day of the month following the billing cycle. This “grace period” allows you to avoid an Interest Charge on purchases for a billing cycle. However, if you do not pay the New Balance for purchases within the grace period, your Interest Charge will accrue on any purchase transaction from the date of purchase. Your Account has a variable rate feature and the Periodic Rate and corresponding Annual Percentage Rate (Interest Rate). The Interest Rate is based on the value of an index and can change monthly effective etfective the first day of the billing cycle. The index is: The Wall Street Journal Prime rate on the first day of each month as published in The Wall Street Journal, divided by 3 and rounded up to the nearest .50%. We add a margin of 8.4, 11.4 or 18.4 to the index. The margin we add is based on your creditworthiness. The total of the index plus the margin amount that we add is the Interest Rate. The Interest Rate includes only interest and no other costs. Any increase or decrease in the Interest Rate will affect atfect the amount and number of the monthly payments you will make. The amount of the margin and the current Interest Rate that will apply to your Account will be disclosed with your Card. Interest Charges are calculated at the daily Periodic Rate (the Annual Percentage Rate divided by 365; for example, an APR of 13.4% would have a daily Periodic Rate of 0.036712%), on the average daily balances of purchases, balance transfers and cash advances in the account. We figure the Periodic Interest Charge on your Account by applying the Periodic Rate to the “Average Daily Balance” of the account including current purchases and cash advances for your Account. We take the beginning purchase and cash advance balances of your Account each day, add any new purchases and cash advances and subtract any payments or credits, unpaid Interest Charges and unpaid late charges to get the daily balance. We then add up all the daily balances and divide by the number of days in the billing cycle to get the Average Daily Balance. The Interest Charge is determined by multiplying the average daily balance by the number of days in the billing cycle and applying the Periodic Rate to the amount. No Interest Charge is imposed on purchases to the extent payments and credits for purchases are made on or before the 10th day of the month following the previous billing cycle.