Common use of Average Daily Balance Clause in Contracts

Average Daily Balance. To get the “Average Daily Balance” of Purchases, we take the beginning balance of your Credit Card acc o u n t each day, add any new Purchases, and subtract any Cash A d va n ces, payments, or other credits which were applied to Purchases, unpaid FINANCE CHARGES, late charges, membership fees, and other fees. If you paid the Purchases balance in full by the Payment Due Date in th e previous billing cycle, in the current billing cycle we will credit payme n t s otherwise applicable to Purchases based on our allocation method as of the first day of the current billing cycle. These computations give us th e Purchases daily balance. To get the “Average Daily Balance” of Cash Advances, we take the beginning balance each day, add any new Cash Advances, and subtract any Purchases, payments, or other credits which were applied to Cash Advances, unpaid FINANCE CHARGES, late charges, membership fees, and other fees. This gives us the Ca sh Advances daily balance. Then we add up all of the Purchases o r Ca sh Advance daily balances for the billing period and divide each total by the number of days in the billing period. This gives us the “Average Daily Balances.”

Average Daily Balance. To get the “"Average Daily Balance” " of Purchases, we take the beginning balance of your Credit Card acc o u n t each day, add any new Purchases, and subtract any Cash A d va n ces, payments, or other credits which were applied to Purchases, unpaid FINANCE CHARGES, late charges, membership fees, and other fees. If you paid the Purchases balance in full by the Payment Due Date in th e previous billing cycle, in the current billing cycle we will credit payme n t s otherwise applicable to Purchases based on our allocation method as of the first day of the current billing cycle. These computations give us th e Purchases daily balance. To get the “"Average Daily Balance” of Cash " o f Ca sh Advances, we take the beginning balance each day, add any new Cash Advances, and subtract any Purchases, payments, or other credits which were applied to Cash Advances, unpaid FINANCE CHARGES, late charges, membership fees, and other fees. This gives us the Ca sh Advances daily balance. Then we add up all of the Purchases o r Ca sh Advance daily balances for the billing period and divide each total by the number of days in the billing period. This gives us the “"Average Daily Balances.”"

Average Daily Balance. To get the “Average Daily Balance” of Purchases, we take the beginning balance of your Credit Card acc o u n t each day, add any new Purchases, and subtract any Cash A d va n ces, payments, or other credits which were applied to Purchases, unpaid FINANCE CHARGES, late charges, membership fees, and other fees. If you paid the Purchases balance in full by the Payment Due Date in th e previous billing cycle, in the current billing cycle we will credit payme n t s otherwise applicable to Purchases based on our allocation method as of the first day of the current billing cycle. These computations give us th e Purchases daily balance. To get the “Average Daily Balance” of Cash Advances, we take the beginning balance each day, add any new Cash Advances, and subtract any Purchases, payments, or other credits which were applied to Cash Advances, unpaid FINANCE CHARGES, late charges, membership fees, and other fees. This gives us the Ca sh Advances daily balance. Then we add up all of the Purchases o r or Ca sh Advance daily balances for the billing period and divide each total by the number of days in the billing period. This gives us the “Average Daily Balances.”

Average Daily Balance. To get the “Average Daily Balance” of Purchases, we take the beginning balance of your Credit Card acc o u n t each day, add any new Purchases, and subtract su btract any Cash A d Ad va n ces, payments, or other credits which were applied to Purchases, unpaid FINANCE CHARGES, late charges, membership fees, , and other fees. If you paid the Purchases balance in full by the Payment Due Date in th e the previous billing cycle, in the current billing cycle we will credit payme n t s payments otherwise applicable to Purchases based on our allocation method as of the first day of the current billing cycle. These computations give us th e the Purchases daily balance. To get the “Average Averag e Daily Balance” of Cash Advances, we take the beginning balance each e a ch day, add any new Cash Advances, and subtract any Purchases, payments, or other credits which were applied to Cash Advances, unpaid FINANCE CHARGES, late charges, membership fees, and other fees. This gives us the Ca sh Cash Advances daily balance. Then we add up a d d u p all of the Purchases o r Ca sh or Cash Advance daily balances for the billing period and divide each total by the number of days in the billing periodperio d . This gives us the “Average Daily Balances.”