Common use of Finance Charges on Cash Advances Clause in Contracts

Finance Charges on Cash Advances. We will charge a Finance Charge on cash advances from the day you take them until the day we receive payment in full as follows: To figure the Finance Charge for a billing cycle, we will apply a monthly periodic rate of Finance Charge to the average daily balance of your cash advance transactions, including current transactions, for the billing cycle. If there is a FINANCE CHARGE due which is less than $1.00, you will be charged a minimum FINANCE CHARGE of $1.00. For each cash advance you obtain, you agree to pay a FINANCE CHARGE in the form of a cash advance transaction fee equal to 1% of the cash advance, not less than $2.00, but not more than $20.00.

Appears in 8 contracts

Samples: Visa Credit Card Agreement, Visa Credit Card Agreement, Visa Credit Card Agreement

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