Common use of HOW WE APPLY PAYMENTS Clause in Contracts

HOW WE APPLY PAYMENTS. Your Account may have balances with different interest rates. For example, purchases may have a lower interest rate than Balance Transfers. If your Account has balances with different interest rates here is how we generally apply payments in a Billing Cycle. We apply payments at our discretion. This may result in balances at lower APRs being paid before other balances. This may also result in higher interest charges.

HOW WE APPLY PAYMENTS. Your Account may have balances with different interest rates. For example, purchases may have a lower interest rate than Balance Transfers. If your Account has balances with different interest rates here is how we generally apply payments in a Billing Cycle. We apply payments at our discretion. This may result in balances at lower APRs being paid before other balances. This may also result in higher interest charges.