Cash Advances Average Daily Balance. (Method A)
Cash Advances Average Daily Balance. (Method A) The Finance Charge for a billing cycle is computed by applying the monthly Variable Periodic Rate to the average daily balance, which is determined by divid- ing the sum of the daily balances during the billing cycle by the number of days in the cycle. Each daily balance is determined by adding to the Previous Balance (outstanding balance of your account at the beginning of the billing cycle) any new Cash Advances received & any new Credit Purchases posted to your account, & subtracting any pay- ments as received or credits as posted to your account but excluding any unpaid Finance Charges. Security for this Account
Cash Advances Average Daily Balance. To avoid incurring an additional Finance Charge on the balance of Cash Advances reflected on your statement, you must pay the New Balance shown on or before the Payment Due Date. The Finance Charges for a billing cycle are computed by applying the monthly Periodic Rate to the average daily balance of Cash Advances, which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle. Each daily balance of Cash Advances is determined by adding to the Previous Balance of Cash Advances, any new Cash Advances as of the transaction date or the first day of the billing cycle in which posted, whichever is later and subtracting any payments as received and credits as posted to your account, but excluding any unpaid Finance Charges. No grace period is provided on Cash Advances.
