Finance Charges on Cash Advances. We figure the finance charge on your cash advances by applying the periodic rate to the average daily balance of your cash advances. To get the average daily balance, we take the beginning cash advance balance each day (not including any unpaid finance charges), add any new advances made that day, and subtract any payments or credits received that day. This gives us the daily balance. Then, we add up all the daily balances for the billing cycle and divide by the total number of days in the billing cycle. This gives us the average daily balance.
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