Common use of Avoid Interest Charges on Purchases Clause in Contracts

Avoid Interest Charges on Purchases. We will not charge you Interest on Purchases if you pay the entire New Balance by the payment due date each billing cycle. This is known as the grace period. If you do not pay the entire New Balance by the payment due date in a Billing Cycle, you will pay Interest on Purchases from the date they are posted to your Account.

Avoid Interest Charges on Purchases. We will not charge you Interest on Purchases if you pay the entire New Balance by the payment due date each billing cycleBilling Cycle. This is known as the grace period. If you do not pay the entire New Balance by the payment due date in a Billing Cycle, you will pay Interest on Purchases from the date they are posted to your Account.