Common use of Application of Payment Clause in Contracts

Application of Payment. In case of partial payment of the Credit Card balances, the same shall be applied to the Credit Card account on normal status in the following order: 1. Cash Advance service and transaction fees billed 2. Late payment penalty charge & other applicable charges 3. Retail membership fee billed 4. Retail service fees billed 5. Cash Advance Interest billed 6. Retail finance charge 7. Cash Advance billed 8. Retail billed (including installments) 9. Unbilled Cash Advance Service and transactions fees 10. Unbilled late payment penalty charge & other applicable charges 11. Unbilled Retail Membership Fee 12. Unbilled Retail Service fees 13. Unbilled Cash Advance Interest 14. Unbilled Retail finance charge 15. Cash Advance unbilled 16. Retail unbilled (including installments)

Application of Payment. In case of partial payment of the Credit Card balances, the same shall be applied to the Credit Card account on normal status in the following order: 1. Cash Advance service and transaction fees billed 2. Late payment penalty charge & other applicable charges 2. Retail finance charge 3. Cash Advance Interest billed 4. Retail membership fee billed 45. Retail service fees billed 56. Cash Advance Interest billed 6. Retail finance charge service and transaction fees billed 7. Cash Advance billed 8. Retail billed (including installments) 98. Unbilled Cash Advance Service and transactions feesbilled 109. Unbilled late payment penalty charge & other applicable charges 10. Unbilled Retail finance charge 11. Unbilled Cash Advance Interest 12. Unbilled Retail Membership Fee 12Fee 13. Unbilled Retail Service fees 1314. Unbilled Cash Advance Interest 14. Unbilled Retail finance charge Service and transactions fees 15. Cash Advance unbilled 16. Retail unbilled (including installments)