Common use of Grace Period for Purchases Clause in Contracts

Grace Period for Purchases. You have a grace period in which you can avoid paying interest on the new Purchases that are itemized on your billing statement. If the “Previous Balance” shown on your current billing statement was paid in full by its associated “Payment Due Date” (or if the Previous Balance was zero or a credit balance), we do not charge monthly interest on the Purchases shown on your current billing statement when the New Balance is paid in full by the Payment Due Date identified on your current billing statement. The grace period does not apply in any billing period in which any portion of the Previous Balance identified on your billing statement (which may include Cash Advance, Balance Transfer and/or Promotional APR balances) remains unpaid as of its associated Payment Due Date. Cash Advances (which include Balance Transfers and Convenience Checks) do not have a grace period.

Grace Period for Purchases. You have a grace period in which you can avoid paying interest on the new Purchases that are itemized on your billing statement. If the “Previous Balance” shown on your current billing statement was paid in full by its associated “Payment Due Date” (or if the Previous Balance was zero or a credit balance), we do not charge monthly interest on the Purchases shown on your current billing statement when the New Balance is paid in full by the Payment Due Date identified identifed on your current billing statement. The grace period does not apply in any billing period in which any portion of the Previous Balance identified identifed on your billing statement (which may include Cash Advance, Balance Transfer and/or Promotional APR balances) remains unpaid as of its associated Payment Due Date. Cash Advances (which include Balance Transfers and Convenience Checks) do not have a grace period.