Calculating Interest Charges. We calculate interest charges for a Billing Cycle by multiplying the Balance Subject to Interest Rate for each category of transactions by its applicable monthly periodic rate. The total interest charged for a Billing Cycle is the sum of the interest charged for each Balance Subject to Interest Rate.
Appears in 10 contracts
Samples: Business Credit Card Agreement, Credit Card Agreement, Credit Card Agreement
Calculating Interest Charges. We calculate interest charges for a Billing Cycle by multiplying the “Balance Subject to Interest Rate Rate” (as described below) for each category of transactions Transactions by its applicable monthly periodic rate. The total interest charged for a Billing Cycle is the sum of the interest charged for each Balance Subject to Interest Rate.
Appears in 1 contract
Samples: Credit Card Agreement
