Daily Balance. We figure the daily balance for each balance by: ● taking the beginning balance for the day, ● adding any new charges, ● subtracting any payments or credits; and ● making any appropriate adjustments. We add a new charge to a daily balance as of its transaction date, except for charges automatically moved from your Pay In Full balance to your Pay Over Time balance on your Closing Date, which we add to a daily balance as of the day after they are moved to your Pay Over Time balance. If the daily balance is negative, we treat it as zero.
Appears in 7 contracts
Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement
