Interest and Grace Periods. 9.1. Interestaccrues on purchasesfromandincluding thedate of eachpurchase and on fees from and including the transaction date shown on your statement, however, you canavoidinterestbeingcharged on yourpurchases and fees by payingthetotalnew Balance in full by thepaymentduedate shown on yourstatement.Thepaymentdue date will be at least 21 days after the last day of the statement period.This period of time is referred to as an interest-free grace period. If you pay the total new Balance in full by the payment due date on your current statement, we will not charge interest on purchases, fees, or interest that appear for the first time on your current statement.There isno interest- freegraceperiodforCashAdvances,BalanceTransfers, Cash-like Transactions and Convenience Cheques nor any associated fees. Interest willalwaysaccrue on these transactionsand theirassociated fees fromthe transaction date shown on your statement.
Interest and Grace Periods. 9.1. Interest accrues on purchases from and including the date of each purchase and on fees from and including the transaction date shown on your statement, however, you can avoid interest being charged on your purchases and fees by paying the total new Balance in full by the payment due date shown on your statement. The payment due date will be at least 21 days after the last day of the statement period. This period of time is referred to as an interest-free grace period. If you pay the total new Balance in full by the payment due date on your current statement, we will not charge interest on purchases, fees, or interest that appear for the first time on your current statement. There is no interest-free grace period for Cash Advances, Balance Transfers, Cash-like Transactions and Convenience Cheques nor any associated fees. Interest willalwaysaccrue on thesetransactionsandtheirassociatedfees fromthetransaction date shown on your statement. If you do not pay the total new Balance in full by the payment due date on your current statement, your grace period will increase to at least 25 days on your next monthly statement. Your grace period will return to at least 21 days if your pay your Balance due in full by the next payment due date.
Interest and Grace Periods. 9.1. Interest accrues on purchases from and including the date of each purchase and on fees from and including the transaction date shown on your statement, however, you can avoid interest being charged on your purchases and fees by paying the total Balance in full by the payment due date shown on your statement. The payment due date will be at least 21 days after the last day of the statement period. This period of time is referred to as an interest-free grace period. If you pay the total Balance in full by the payment due date on your current statement, we will not charge interest on purchases, fees, or interest that appear for the first time on your current statement. There is no interest-free grace period for Xxxx Advances, and Xxxx-like Transactions nor any associated fees. Interest will always accrue on these transactions and their associated fees from the transaction date shown on your statement.
Interest and Grace Periods. Interest accrues on purchases from and including the date of each purchase and on fees from and including the transaction date shown on your Statement, however, you can avoid interest being charged on your purchases and fees by paying the total new balance in full by the payment due date shown on your Statement. The payment due date will be at least 21 days after the last day of the statement period. This period of time is referred to as an interest-free grace period. If you pay the total new balance in full by the payment due date on your current Statement, we will not charge interest on purchases, fees, or interest that appear for the first time on your current Statement. There is no interest-free grace period for Cash Advances (which includes Balance Transfers, Cash-Like Transactions and Convenience Cheques) nor any associated fees. Interest will always accrue on Cash Advances and their associated fees from the transaction date shown on your Statement. For any individual new purchase or fee that is subject to interest, interest will be charged from and including the transaction date shown on your Statement until the date we receive a payment that covers the new purchase or fee. All payments will be applied as described in the “How We Apply Your Payments” section of this Agreement. Any interest that accrues on a new purchase or fee between the date of your current Statement and the date we receive your payment will appear on your next Statement. The annual interest rate on your Account (excluding Cash Advances) is Our Preferred Rate as shown in the Disclosure Statement, provided that you always pay at least the Minimum Payment shown on your Statement on or before the payment due date shown on your Statement. The annual interest rate for Cash Advances on your Account is the Cash Interest Rate as shown in the Disclosure Statement, provided that you always pay at least the Minimum Payment shown on your Statement on or before the payment due date shown on your Statement. If you fail to pay at least the Minimum Payment on or before the payment due date shown on your Statement for any two billing periods within any twelve month period, the annual interest rate that applies to your Account will increase to the Standard Rate shown in the Disclosure Statement, beginning on the first day of the following billing period. The Standard Rate will apply until you have paid at least the Minimum Payment shown on your Statement on or before the payment due date shown on y...
Interest and Grace Periods
