Common use of Accrual of Finance Charges Clause in Contracts

Accrual of Finance Charges. If (a) you undertake a Cash Advance Transaction, or (b) the Payments and Credit Refunds posted to your Account by the Due Date reflected on your Monthly Statement are less than the Balance, then the next Monthly Statement will include Finance Charges. Finance Charges, at the Annual Percentage Rate (“APR”) calculated in the manner set forth in Paragraph 8 below, begin to accrue on the Posting Date for Purchase Transactions, Balance Transfer Transactions, Cash Advance Transactions, and Convenience Check Transactions. Finance Charges will continue to accrue on the amount of your Balance until the date we post a Payment to your Account (subject to your ability to avoid certain Finance Charges by paying the Balance in full).

Accrual of Finance Charges. If (ai) you undertake obtain a Cash Advance Transactionor make a Balance Transfer, or (bii) the Payments payments and Credit Refunds posted to your Account by during the Due 25 day period after the Closing Date reflected on of your Monthly prior Periodic Statement are less than the New Balance, then the next Monthly Periodic Statement will include Finance Chargesfinance charges. Finance Chargescharges, at the Annual Percentage Rate annual percentage rate (“APR”) calculated in the manner set forth in Paragraph sections 8 belowthrough 10, begin to accrue on the Posting Date date specified in section 7(a) for Purchase Transactions, Cash Advances and Balance Transfer Transactions, Cash Advance TransactionsTransfers, and Convenience Check Transactionson the posting date for Credit Purchases. Finance Charges charges will continue to accrue on the amount of your Balance Payment until the date we post a Payment payment to your Account (subject to your ability to avoid certain Finance Charges finance charges by paying the New Balance in fullfull as described in section 7(b)).