COST OF CREDIT. You will pay a FINANCE CHARGE for all advances made against your Account. FINANCE CHARGES for cash advances, balance transfers, and convenience checks begin to accrue on the date of the advance. New purchases will not incur a FINANCE CHARGE on the date they are posted to your Account if you have paid the Account in full by the Payment Due Date shown on your previous monthly statement or if there was no previous balance. Cash Advances incur a FINANCE CHARGE from the date they are posted to your Account. No additional FINANCE CHARGES will be imposed on new purchases shown on your statement if the New Balance shown on the statement is paid in full by the Payment Due Date reflected on the statement. For purchases made with your Card, there is at least a 25-day grace period within which the New Balance may be paid without incurring a FINANCE CHARGE. The Periodic Rate portion of the FINANCE CHARGE is figured by applying the periodic rate to the “Balance Subject to FINANCE CHARGE” which is the “Average Daily Balance” of your Account, including current transactions. The Average Daily Balance is arrived at by taking the beginning balance of your Account each day, adding new cash advances, balance transfers, and convenience checks, and unless you pay your entire Account Balance in full by the Payment Due Date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid FINANCE CHARGES. This gives us the daily balance. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “Average Daily Balance.” The Periodic Rate portion of the FINANCE CHARGE is determined by multiplying the Average Daily Balance by the number of days in the billing cycle and applying the respective periodic rate to the product. If your periodic rate is computed based on an Index, your periodic rate(s) may vary. If your Account features an Introductory Rate, you will pay an Introductory Rate FINANCE CHARGE for purchases made at the periodic rate and corresponding ANNUAL PERCENTAGE RATE (APR) and for the time period set forth. Thereafter, the ANNUAL PERCENTAGE RATE may vary quarterly. The APR (other than the Introductory APR) is a variable rate determined quarterly by adding a margin of 4.65% to 14.40%, not to exceed 17.90% APR, (depending on our review of your application and creditworthiness) to the Prime Rate (Index). This Ind...
COST OF CREDIT. The dollar amount you pay for money borrowed is called a FINANCE CHARGE (inter- est). The FINANCE CHARGE is calculated at a daily periodic rate of .049%. This is an ANNUAL PERCENTAGE RATE of 18.00%. To figure the Finance Charge on your Overdraft Line of Credit, we compute a daily Finance Charge by applying the daily periodic rate to the amount you owe at the end of the day (including new advances and deducting payments and credits made during that day). We do not include unpaid finance charges in the calculation of your daily balance. Then, we add up all the daily finance charges for each day of the billing cycle. This gives us the finance charges for that billing cycle. There is no “free period” or “grace period.” You can reduce the finance charge by making your payments as promptly as possible.
COST OF CREDIT. You will pay a Finance Charge for all advances made against your card at the periodic rate of .024630% per day, which has a corresponding Annual Percentage Rate of 8.99%. Cash advances incur a Finance Charge from the date they are posted to the account. New purchases will not incur a Finance Charge on the date they are posted to the account if you have paid the account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional Finance Charge will be incurred whenever you pay the account in full by the due date. The Finance Charge is figured by applying the periodic rate to the “balance subject to Finance Charge” which is the “average daily balance” of your ac- count, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advances, and, un- less you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid Finance Charges. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” The Finance Charge is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the product. You may pay any amounts outstanding at any time without penalty for early payment.
COST OF CREDIT. You will pay an INTEREST CHARGE for all advances made against your account. Cash advances and balance transfers will incur an INTEREST CHARGE from the date they are posted to your account. New purchases will not incur an INTEREST CHARGE on the date they are posted to your account and will have a 25-day grace period if you have paid the account in full by the Payment Due Date shown on your previous monthly statement or if there was no previous balance. Late fees, Return Check Service Charges, and third-party ATM surcharges will be added to the balance of your account and treated as new purchases. Except for cash advances and balance transfers, no additional INTEREST CHARGE will be incurred whenever you pay the account in full prior to the Payment Due Date.
COST OF CREDIT. You will pay a FINANCE CHARGE for all advances made against your Account. FINANCE CHARGES for cash advances and balance transfers begin to accrue on the date of the advance. New purchases will not incur a FINANCE CHARGE on the date they are posted to your Account if you have paid the Account in full by the Payment Due Date shown on your previous monthly statement, or if there was no previous balance. The periodic rate used to compute the FINANCE CHARGE is .027123% per day, which corresponds to an ANNUAL PERCENTAGE RATE of 9.90% The FINANCE CHARGE is figured by applying the periodic rate to the “Balance Subject to FINANCE CHARGE” which is the “Average Daily Balance” of your Account, including current transactions. The Average Daily Balance is arrived at by taking the beginning balance of your Account each day, adding in any new cash advances, and unless you pay your Account in full by the Payment Due Date shown on the previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid FINANCE CHARGE. This gives us the daily balance. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the Average Daily Balance. The FINANCE CHARGE is determined by multi-plying the Average Daily Balance by the number of days in the billing cycle and applying the periodic rate to the product. Freestone Credit Union • Xxxxxx, Texas • xxx.XxxxxxxxxXX.xxx • Rev. 03/2018 2 | Page Credit Card Agreement and Disclosure Statement and Application
COST OF CREDIT. For MasterCard Platinum and VISA Platinum, you will pay a FINANCE CHARGE for all advances made against your Account at the periodic rate of .018904 - .046301% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 6.9% – 16.9%. For Share Secured MasterCard Platinum and VISA Platinum, you will pay a FINANCE CHARGE for all advances made against your Account at the periodic rate of .046301% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 16.9%. Cash advances (including balance transfers) incur a FINANCE CHARGE from the date they are posted to the Account. If you have paid your Account in full by the due date shown on the previous monthly statement, or there is no previous balance, you have not less than 25 days to repay your Account balance before a FINANCE CHARGE on new purchases will be imposed. Otherwise, there is no grace period and new purchases will incur a FINANCE CHARGE from the date they are posted to the Account. The FINANCE CHARGE is figured by applying the periodic rate to the “balance subject to FINANCE CHARGE” which is the “average daily balance” of your Account, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your Account each day and adding any new cash advances, and unless you pay your Account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid FINANCE CHARGES. This gives us the daily balance. The daily balances for the billing cycle are then added together and divided by the number of days in the billing cycle. The result is the “average daily balance.” The FINANCE CHARGE is determined by multiplying the “average daily balance” by the number of days in the billing cycle and applying the periodic rate to the product. The official periodic statement we send to the Key Account Holder for the MasterCard Family Account will reflect a separate and a combined minimum payment for the Key Account and all linked Parent Pay Dependent Accounts. The Key Account Holder may remit separate payments for the Key Account and each Parent Pay Dependent Account or combine payment for the Accounts. If a payment sent to our physical payment address is combined, then the combined payment will be allocated among the linked Key Account and Parent Pay Dependent Accounts as follows, unless you tell us otherwise in a manner approved by us when you send the payment;...
COST OF CREDIT. The cost of credit is determined as follows:
A. The Daily Periodic Rate applicable to purchases for the billing cycle is 1/365th of the Annual Percentage Rate (regardless of leap years) in effect for the billing cycle as disclosed below, rounded to five decimal places. The Annual Percentage Rate may be changed quarterly. It will be calculated by taking the rate disclosed as the “Prime Rate” in the “Money Rates” section of The Wall Street Journal on the 15th day of March, June, September and December of each year (or the next business day if the 15th day falls on a weekend or holiday) and adding 21.25% to that rate. As of June 1, 2014, the ANNUAL PERCENTAGE RATE so calculated is 24.50%, which corresponds to a Daily Periodic Rate of .06712%. The variable Annual Percentage Rate may increase. Any change in the Annual Percentage Rate will go into effect on the first day of the billing cycle that begins after the first day of the next calendar quarter and may result in an increase or decrease in the Interest Charge imposed on a Store Account and in the Minimum Payment Due.
B. There will be a Minimum INTEREST CHARGE of $2.00 in any billing cycle in which the INTEREST CHARGE resulting from application of the Daily Periodic Rate would be less than $2.00.
C. The information about the cost of the card is accurate as of June 1, 2014. This information may have changed after this date. To find out what may have changed, write to us at X.X. Xxx 0000, Xxxxx, XX 00000.
COST OF CREDIT. Cost of credit is determined as follows:
A. The Daily Periodic Rates applicable to Purchases and Cash Advances for the billing cycle is 1/365th of the Annual Percentage Rate (regardless of leap years) in effect for the billing cycle as disclosed below, rounded down to five decimal places. The Annual Percentage Rate may be changed quarterly. It will be calculated by taking the rate disclosed as the “Prime Rate” in the “Money Rates” section of The Wall Street Journal on the 15th day of March, June, September and December of each year (or the next business day if the 15th day falls on a weekend or holiday) and adding 21.25% to that rate. As of June 1, 2014, the ANNUAL PERCENTAGE RATE so calculated is 24.50%, which corresponds to a Daily Periodic Rate of .06712%. The variable Annual Percentage Rate may increase. Any change in the Annual Percentage Rate will go into effect on the first day of the billing cycle that begins after the first day of the next calendar quarter and may result in an increase or decrease in the Interest Charge imposed on your American Express Account and in the Minimum Payment Due.
B. There will be a Minimum INTEREST CHARGE of $2.00 in any billing cycle in which the INTEREST CHARGE resulting from application of the Daily Periodic Rate would be less than $2.00.
C. We charge a Cash Advance Fee for each Cash Advance posted to your American Express Account. This Fee will be the greater of $5.00 or 4% of the amount of your Cash Advance.
COST OF CREDIT. Exhibit A to Schedule 4.8(b)(i)
COST OF CREDIT. You will pay a Finance Charge for all advances made against your card at the periodic rate of .035342% per day, which has a corresponding Annual Percentage Rate of 12.90%. Cash advances incur a Finance Charge from the date they are posted to the account. New purchases will not incur a Finance Charge on the date they are posted to the account if you have paid the account in full by the due date shown on your previous monthly statement or if there was no previous balance. No additional Finance Charge will be incurred whenever you pay the account in full by the due date. The Finance Charge is figured by applying the periodic rate to the “balance subject to Finance Charge” which is the “average daily balance” of your account, including certain current transactions. The “average daily balance” is arrived at by taking the beginning balance of your account each day and adding any new cash advances, and, unless you pay your account in full by the due date shown on your previous monthly statement or there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid Finance Charges. The daily However, you may purchase any credit insurance available through the Credit Union and have the premium added to the outstanding balance in your account. If you elect to do so, you will be given the necessary disclosures and documents separately.
