How Rates and Fees Work. Rates Penalty APR for new transactions The penalty APR may apply to new transactions if: If the penalty APR applies to a balance, it will • you do not pay at least the Minimum Payment apply to charges added to that balance 15 or Due by the Payment Due Date on one or more more days after we send you notice. occasions; or • your payment is returned by your bank. We will review your Account every 6 months after the penalty APR is applied. The penalty We may also consider your creditworthiness in APR will continue to apply until you have made determining whether or not to apply the penalty APR timely payments with no returned payments to your Account. during the 6 months being reviewed.
How Rates and Fees Work. Rates When the penalty APR will apply The penalty APR applies to all balances on your account if: ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due; ● you do not pay at least the Minimum Payment Due by the Payment Due Date 2 times in 12 billing periods; or ● your payment is returned by your bank. How long the penalty APR will apply The penalty APR will continue to apply until after you have made timely payments with no returned payments for 12 billing periods in a row.
How Rates and Fees Work. Rates for Pay Over Time and/or Cash Advance balance(s) Penalty APR for new transactions The penalty APR may apply to new If the penalty APR applies to a balance, it will transactions if: apply to charges added to that balance 15 or • you do not pay at least the Minimum more days after we send you notice. Payment Due by the Payment Due Date on one or more occasions; or • your payment is returned by your bank. We will review your Account every 6 months after the penalty APR is applied. The penalty We may also consider your creditworthiness APR will continue to apply until you have made in determining whether or not to apply the timely payments with no returned payments penalty APR to the Pay Over Time during the 6 months being reviewed. balance(s) on your Account.
How Rates and Fees Work. Rates When the penalty APR will apply The penalty APR applies to all balances on your account if: ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due; ● you do not pay at least the Minimum Payment Due by the Payment Due Date 2 times in 12 billing periods; or ● your payment is returned by your bank. See When we charge interest in Part 2 of the Cardmember Agreement for information on Interest Charged If You Do Not Pay Your Minimum Payment Due. How long the penalty APR will apply The penalty APR will continue to apply until after you have made timely payments with no returned payments for 12 billing periods in a row.
How Rates and Fees Work. Rates When the penalty APR will apply The penalty APR applies to all balances on your account if: ● you do not pay at least the Minimum Payment Due by the Closing Date of the billing period in which it is due; ● you do not pay at least the Minimum Payment Due by the Payment Due Date 2 times in 12 billing periods; or ● your payment is returned by your bank. If the penalty APR is applied for any of these reasons, it will apply, subject to applicable law, to Payment Terms purchases from the day after the Payment Terms period ends and for the remaining duration that the Penalty APR applies. See When we charge interest in Part 2. How long the penalty APR will apply The penalty APR will continue to apply until after you have made timely payments with no returned payments for 12 billing periods in a row.
How Rates and Fees Work. Rates for Pay Over Time balances See More About Pay Over Time in Part 2 of this Agreement Penalty APR for new transactions The penalty APR may apply to new transactions if: If the penalty APR applies to a balance, it will ● you do not pay at least the Minimum apply to charges added to that balance 15 or Payment Due by the Payment Due Date more days after we send you notice. on one or more occasions; or We will review your Account every 6 months ● your payment is returned by your bank. after the penalty APR is applied. The penalty APR will continue to apply until you have made timely payments with no returned We may also consider your creditworthiness in payments during the 6 months being reviewed. determining whether or not to apply the penalty APR to the Pay Over Time balance(s) on your Account.
