Common use of How We Apply Your Payments Clause in Contracts

How We Apply Your Payments. 7.1. We will apply your Minimum Payment as follows: • first, to any accrued interest charges; • then, to any previously billed amounts; and • then, to any unbilledamounts. Your Minimum Payment will be applied to Balances within each of the above categories beginning with the lowest interestrate item(s) within each categoryandcontinuing to the highest interest rate item(s) within the category. 7.2. If there are items making up your Balance thatare charged at differentinterestrates, we will apply any amount of your paymentthat is greater than the Minimum Payment to each interest rate category in the proportion that the amount in each category represents of the remainingBalance.

Appears in 8 contracts

Samples: Cardholder Agreement, Cardholder Agreement, Cardholder Agreement

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How We Apply Your Payments. 7.1. We will apply your Minimum Payment as follows: • first, to any accrued interest charges; • then, to any previously billed amounts; and • then, to any unbilledamountsunbilled amounts. Your Minimum Payment will YourMinimumPaymentwill be applied to Balances within each Balanceswithineach of the above categories theabovecategories beginning with the lowest interestrate lowestinterestrate item(s) within each categoryandcontinuing to the highest interest rate item(s) within the category. 7.2. If there are items making up your Balance thatare charged at differentinterestratesdifferent interestrates, we will apply willapply any amount of your paymentthat is greater than the Minimum Payment to each interest rate category in the proportion that the amount in each category represents of the remainingBalance.

Appears in 6 contracts

Samples: Walmart Rewards Mastercard Cardholder Agreement, Walmart Rewards Mastercard Cardholder Agreement, Walmart Rewards Mastercard Cardholder Agreement

How We Apply Your Payments. 7.1. We will apply your Minimum Payment as follows: first, to any accrued interest charges; then, to any previously billed amounts; and then, to any unbilledamountsunbilled amounts. Your Minimum Payment will be applied to Balances within each of the above categories beginning with the lowest interestrate interest rate item(s) within each categoryandcontinuing category and continuing to the highest interest rate item(s) within the category. 7.2. If there are items making up your Balance thatare that are charged at differentinterestratesdifferent interest rates, we will apply any amount of your paymentthat payment that is greater than the Minimum Payment to each interest rate category in the proportion that the amount in each category represents of the remainingBalanceremaining Balance.

Appears in 1 contract

Samples: Cardholder Agreement

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How We Apply Your Payments. 7.1. We will apply your Minimum Payment as follows: • first, to any accrued interest charges; • then, to any previously billed amounts; and • then, to any unbilledamountsunbilled amounts. Your Minimum Payment will be applied to Balances within each of the above categories beginning with the lowest interestrate item(s) within each categoryandcontinuing to the highest interest rate item(s) within the category. 7.2. If there are items making up your Balance thatare charged at differentinterestratesdifferent interestrates, we will apply willapply any amount of your paymentthat is greater than the Minimum Payment to each interest rate category in the proportion that the amount in each category represents of the remainingBalance.

Appears in 1 contract

Samples: Cardholder Agreement

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