How We Calculate Interest. We calculate interest on your balances each billing cycle. Interest is calculated separately for Purchases, Cash Advances, and each balance subject to different promotional terms. We round all APRs to the second decimal place and all monthly interest rates to the third decimal place. The method we use is called the average daily balance (including new transactions). This method results in compounding interest. Under this method, interest is calculated on each balance on your Account as follows:
Appears in 3 contracts
Samples: Usaa Credit Card Agreement, Usaa Credit Card Agreement, Usaa Credit Card Agreement
How We Calculate Interest. We calculate interest on your balances each billing cycle. Interest is calculated separately for Purchases, Cash Advances, and each balance subject to different diferent promotional terms. We round all APRs to the second decimal place and all monthly interest rates to the third decimal place. The method we use is called the average daily balance (including new transactions). This method results in compounding interest. Under this method, interest is calculated on each balance on your Account as follows:
Appears in 2 contracts
Samples: Usaa Credit Card Agreement, Usaa Credit Card Agreement
