Common use of Interest and Grace Periods Clause in Contracts

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. 9.2. For any individual new purchase or fee that is subject to interest, interest will be chargedfrom and includingthe transactiondateshown on yourstatementuntilthe date we receive a payment that covers the new purchase or fee. Allpayments will beapplied as described in the“HowWeApplyYourPayments”sectionabove.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. 9.3. The annual Interest Rate on your account (excluding Cash Advances, Balance Transfers and Convenience Cheques) is as shown in the Disclosure Statement for your approved Card. 9.4. The annual Cash Interest Rate for Cash Advances, Balance Transfers and Convenience Chequeson youraccount is as shown in theDisclosureStatementforyourapproved Card. 9.5. If you fail to pay at least the Minimum Payment on or before the payment due date shown on your statement for any two (2) billing periods within any twelve (12) month period, the annual interest rate that applies to your account (including Cash Advances, Balance Transfers, and Convenience Cheques) may increase to the Adjusted Rate for your approved Card as shown in the Disclosure Statement, beginning on the first day of the following billing period. The Adjusted Rate for your approved Card will apply until you have paid a least the Minimum Payment shown on your statement on or before the payment due date shown on your statement for twelve (12) consecutive billing periods, and after you have done so, the 9.6. We calculate interest using the average daily balance method. At the end of each billing period, we calculate interest separately for each category of transactions and charges (which are: (1) purchases and fees, and (2) Cash Advances, Balance Transfers and Convenience Cheques) that makes up your Balance and that is subject to interestata different annualinterestrate.Wedeterminetheaveragedailybalancefor a particular category by adding together the balances for thatcategory foreach day duringthebillingperiodanddividingthatsumbythenumberofdaysinthebilling period. We determine the daily interest rate for a particular category by dividing the applicable interest rate for the category by 365 (in a regular year) or 366 (in a leap year). 9.7. For each category, we determine (1) the average daily balance of all transactions and charges in that category for the billing period and (2) the daily interest rate for that categoryforthatbillingperiod.We thenmultiplytheaveragedaily balanceforeach categoryby thedailyinterestrateforthatcategory,andthen by thenumberofdaysin the period, and we add this amount to your Balance for each category.

Interest and Grace Periods. 9.1. Interestaccrues Interest accrues on purchasesfromandincluding thedate purchases from and including the date of eachpurchase each purchase and on fees from and including the transaction date shown on your statement, however, you canavoidinterestbeingcharged can avoid interest being charged on yourpurchases your purchases and fees by payingthetotalnew paying the total new Balance in full by thepaymentduedate the payment due date shown on yourstatement.Thepaymentdue 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 isno interest- freegraceperiodforCashAdvances,BalanceTransfersis no interest-free grace period for Cash Advances, Balance Transfers, Cash-like Transactions and Convenience Cheques nor any associated fees. Interest willalwaysaccrue on these transactionsand theirassociated fees fromthe transaction 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 9.2. For any individual new purchase or fee that is subject to interest, interest will be chargedfrom and includingthe transactiondateshown includingthetransactiondateshown on yourstatementuntilthe date we receive a payment that covers the new purchase or fee. .Allpayments will beapplied as described beappliedasdescribed in the“HowWeApplyYourPayments”sectionabove.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. 9.3. The annual Interest Rate on your account (excluding Cash Advances, Balance Transfers and Convenience Cheques) is as shown in the Disclosure Statement for your approved Card. 9.4. The annual Cash Interest Rate for Cash Advances, Balance Transfers and Convenience Chequeson youraccount is as shown in theDisclosureStatementforyourapproved theDisclosure Statementforyourapproved Card. 9.5. If you fail to pay at least the Minimum Payment on or before the payment due date shown on your statement for any two (2) billing periods within any twelve (12) month period, the annual interest rate that applies to your account (including Cash Advances, Balance Transfers, and Convenience Cheques) may increase to the Adjusted Rate for your approved Card as shown in the Disclosure Statement, beginning on the first day of the following billing period. The Adjusted Rate for your approved Card will apply until you have paid a least the Minimum Payment shown on your statement on or before the payment due date shown on your statement for twelve (12) consecutive billing periods, and after you have done so, thethe annual interest rates that apply to your account will be reduced to the Interest Rate and the Cash Interest Rate shown in the Disclosure Statement for your approved Card, beginning on the first day of the following billing period. 9.6. We calculate interest using the average daily balance method. At the end of each billing period, we calculate interest separately for each category of transactions and charges (which are: (1) purchases and fees, and (2) Cash Advances, Balance Transfers and Convenience Cheques) that makes up your Balance and that is subject to interestata different annualinterestratedifferentannualinterestrate.Wedeterminetheaveragedailybalancefor We determinetheaveragedaily balancefor a particular category by adding together the balances for thatcategory foreach that category for each day duringthebillingperiodanddividingthatsumbythenumberofdaysinthebilling duringthebillingperiodanddividingthat sumbythenumberofdaysinthebilling period. We determine the daily interest rate for a particular category by dividing the applicable interest rate for the category by 365 (in a regular year) or 366 (in a leap year). 9.7. For each categoryEffective prior to October 19, we determine (1) the average daily balance of all transactions and charges in that category for the billing period and (2) the daily interest rate for that categoryforthatbillingperiod.We thenmultiplytheaveragedaily balanceforeach categoryby thedailyinterestrateforthatcategory,andthen by thenumberofdaysin the period2023 Effective October 19, and we add this amount to your Balance for each category.2023

Interest and Grace Periods. 9.1. Interestaccrues Interest accrues on purchasesfromandincluding thedate purchases from and including the date of eachpurchase each purchase and on fees from and including the transaction date shown on your statement, however, you canavoidinterestbeingcharged can avoid interest being charged on yourpurchases your purchases and fees by payingthetotalnew paying the total new Balance in full by thepaymentduedate the payment due date shown on yourstatement.Thepaymentdue 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 isno interest- freegraceperiodforCashAdvances,BalanceTransfersis no interest-free grace period for Cash Advances, Balance Transfers, Cash-like Transactions and Convenience Cheques nor any associated fees. Interest willalwaysaccrue on these transactionsand theirassociated fees fromthe transaction 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 9.2. For any individual new purchase or fee that is subject to interest, interest will be chargedfrom and includingthe transactiondateshown includingthetransactiondateshown on yourstatementuntilthe date we receive a payment that covers the new purchase or fee. .Allpayments will beapplied as described beappliedasdescribed in the“HowWeApplyYourPayments”sectionabove.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. 9.3. The annual Interest Rate on your account (excluding Cash Advances, Balance Transfers and Convenience Cheques) is as shown in the Disclosure Statement for your approved Card. 9.4. The annual Cash Interest Rate for Cash Advances, Balance Transfers and Convenience Chequeson youraccount is as shown in theDisclosureStatementforyourapproved theDisclosure Statementforyourapproved Card. 9.5. If you fail to pay at least the Minimum Payment on or before the payment due date shown on your statement for any two (2) billing periods within any twelve (12) month period, the annual interest rate that applies to your account (including Cash Advances, Balance Transfers, and Convenience Cheques) may increase to the Adjusted Rate for your approved Card as shown in the Disclosure Statement, beginning on the first day of the following billing period. The Adjusted Rate for your approved Card will apply until you have paid a least the Minimum Payment shown on your statement on or before the payment due date shown on your statement for twelve (12) consecutive billing periods, and after you have done so, thethe annual interest rates that apply to your account will be reduced to the Interest Rate and the Cash Interest Rate shown in the Disclosure Statement for your approved Card, beginning on the first day of the following billing period. 9.6. We calculate interest using the average daily balance method. At the end of each billing period, we calculate interest separately for each category of transactions and charges (which are: (1) purchases and fees, and (2) Cash Advances, Balance Transfers and Convenience Cheques) that makes up your Balance and that is subject to interestata different annualinterestratedifferentannualinterestrate.Wedeterminetheaveragedailybalancefor We determinetheaveragedaily balancefor a particular category by adding together the balances for thatcategory foreach that category for each day duringthebillingperiodanddividingthatsumbythenumberofdaysinthebilling duringthebillingperiodanddividingthat sumbythenumberofdaysinthebilling period. We determine the daily interest rate for a particular category by dividing the applicable interest rate for the category by 365 (in a regular year) or 366 (in a leap year). 9.7. For each categoryEffective prior to August 6, we determine (1) the average daily balance of all transactions and charges in that category for the billing period and (2) the daily interest rate for that categoryforthatbillingperiod.We thenmultiplytheaveragedaily balanceforeach categoryby thedailyinterestrateforthatcategory,andthen by thenumberofdaysin the period2024 Effective August 6, and we add this amount to your Balance for each category.2024

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. 9.2. For any individual new purchase or fee that is subject to interest, interest will be chargedfrom and includingthe transactiondateshown on yourstatementuntilthe date we receive a payment that covers the new purchase or fee. Allpayments will beapplied as described in the“HowWeApplyYourPayments”sectionabove.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. 9.3. The annual Interest Rate on your account (excluding Cash Advances, Balance Transfers and Convenience Cheques) is as shown in the Disclosure Statement for your approved Card. 9.4. The annual Cash Interest Rate for Cash Advances, Balance Transfers and Convenience Chequeson youraccount is as shown in theDisclosureStatementforyourapproved Card. 9.5. If you fail Effective prior to pay at least the Minimum Payment on or before the payment due date shown on your statement for any two (2) billing periods within any twelve (12) month periodOctober 19, the annual interest rate that applies to your account (including Cash Advances, Balance Transfers, and Convenience Cheques) may increase to the Adjusted Rate for your approved Card as shown in the Disclosure Statement, beginning on the first day of the following billing period. The Adjusted Rate for your approved Card will apply until you have paid a least the Minimum Payment shown on your statement on or before the payment due date shown on your statement for twelve (12) consecutive billing periods, and after you have done so, the 9.6. We calculate interest using the average daily balance method. At the end of each billing period, we calculate interest separately for each category of transactions and charges (which are: (1) purchases and fees, and (2) Cash Advances, Balance Transfers and Convenience Cheques) that makes up your Balance and that is subject to interestata different annualinterestrate2021.Wedeterminetheaveragedailybalancefor a particular category by adding together the balances for thatcategory foreach day duringthebillingperiodanddividingthatsumbythenumberofdaysinthebilling period. We determine the daily interest rate for a particular category by dividing the applicable interest rate for the category by 365 (in a regular year) or 366 (in a leap year). 9.7. For each category, we determine (1) the average daily balance of all transactions and charges in that category for the billing period and (2) the daily interest rate for that categoryforthatbillingperiod.We thenmultiplytheaveragedaily balanceforeach categoryby thedailyinterestrateforthatcategory,andthen by thenumberofdaysin the period, and we add this amount to your Balance for each category.

Interest and Grace Periods. 9.1. Interestaccrues Interest accrues on purchasesfromandincluding thedate purchases from and including the date of eachpurchase each purchase and on fees from and including the transaction date shown on your statement, however, you canavoidinterestbeingcharged can avoid interest being charged on yourpurchases your purchases and fees by payingthetotalnew paying the total new Balance in full by thepaymentduedate the payment due date shown on yourstatement.Thepaymentdue 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 isno interest- freegraceperiodforCashAdvances,BalanceTransfersis no interest-free grace period for Cash Advances, Balance Transfers, Cash-like Transactions and Convenience Cheques nor any associated fees. Interest willalwaysaccrue on these transactionsand theirassociated fees fromthe transaction 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 9.2. For any individual new purchase or fee that is subject to interest, interest will be chargedfrom and includingthe transactiondateshown includingthetransactiondateshown on yourstatementuntilthe date we receive a payment that covers the new purchase or fee. .Allpayments will beapplied as described beappliedasdescribed in the“HowWeApplyYourPayments”sectionabove.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. 9.3. The annual Interest Rate on your account (excluding Cash Advances, Balance Transfers and Convenience Cheques) is as shown in the Disclosure Statement for your approved Card. 9.4. The annual Cash Interest Rate for Cash Advances, Balance Transfers and Convenience Chequeson youraccount is as shown in theDisclosureStatementforyourapproved theDisclosure Statementforyourapproved Card. 9.5. If you fail to pay at least the Minimum Payment on or before the payment due date shown on your statement for any two (2) billing periods within any twelve (12) month period, the annual interest rate that applies to your account (including Cash Advances, Balance Transfers, and Convenience Cheques) may increase to the Adjusted Rate for your approved Card as shown in the Disclosure Statement, beginning on the first day of the following billing period. The Adjusted Rate for your approved Card will apply until you have paid a least the Minimum Payment shown on your statement on or before the payment due date shown on your statement for twelve (12) consecutive billing periods, and after you have done so, thethe annual interest rates that apply to your account will be reduced to the Interest Rate and the Cash Interest Rate shown in the Disclosure Statement for your approved Card, beginning on the first day of the following billing period. 9.6. We calculate interest using the average daily balance method. At the end of each billing period, we calculate interest separately for each category of transactions and charges (which are: (1) purchases and fees, and (2) Cash Advances, Balance Transfers and Convenience Cheques) that makes up your Balance and that is subject to interestata different annualinterestratedifferentannualinterestrate.Wedeterminetheaveragedailybalancefor We determinetheaveragedaily balancefor a particular category by adding together the balances for thatcategory foreach that category for each day duringthebillingperiodanddividingthatsumbythenumberofdaysinthebilling duringthebillingperiodanddividingthat sumbythenumberofdaysinthebilling period. We determine the daily interest rate for a particular category by dividing the applicable interest rate for the category by 365 (in a regular year) or 366 (in a leap year). 9.7. For each category, we determine (1) the average daily balance of all transactions and charges in that category for the billing period and (2) the daily interest rate for that categoryforthatbillingperiod.We thenmultiplytheaveragedaily balanceforeach categoryby thedailyinterestrateforthatcategory,andthen by thenumberofdaysin the period, and we add this amount to your Balance for each category.

Interest and Grace Periods. 9.1. Interestaccrues Interest accrues on purchasesfromandincluding thedate purchases from and including the date of eachpurchase each purchase and on fees from and including the transaction date shown on your statementStatement, however, you canavoidinterestbeingcharged can avoid interest being charged on yourpurchases your purchases and fees by payingthetotalnew Balance paying the total new balance in full by thepaymentduedate the payment due date shown on yourstatement.Thepaymentdue 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 balance in full by the payment due date on your current statementStatement, we will not charge interest on purchases, fees, or interest that appear for the first time on your current statement.Statement. There isno interest- freegraceperiodforCashAdvances,BalanceTransfersis no interest-free grace period for Cash Advances (which includes Balance Transfers, Cash-like Like Transactions and Convenience Cheques Cheques) nor any associated fees. Interest willalwaysaccrue will always accrue on these transactionsand theirassociated Cash Advances and their associated fees fromthe from the transaction date shown on your statement. 9.2Statement. For any individual new purchase or fee that is subject to interest, interest will be chargedfrom charged from and includingthe transactiondateshown including the transaction date shown on yourstatementuntilthe your Statement until the date we receive a payment that covers the new purchase or fee. Allpayments All payments will beapplied be applied as described in the“HowWeApplyYourPayments”sectionabove.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 Statement and the date we receive your payment will appear on your next statement. 9.3Statement. The annual Interest Rate interest rate on your account Account (excluding Cash Advances, Balance Transfers and Convenience Cheques) is Our Preferred Rate as shown in the Disclosure Statement, provided that you always pay at least the Minimum Payment shown on your Statement for on or before the payment due date shown on your approved Card. 9.4Statement. The annual interest rate for Cash Advances on your Account is the Cash Interest Rate for Cash Advances, Balance Transfers and Convenience Chequeson youraccount is as shown in theDisclosureStatementforyourapproved Card. 9.5the 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 Statement for any two (2) billing periods within any twelve (12) month period, the annual interest rate that applies to your account (including Cash Advances, Balance Transfers, and Convenience Cheques) may Account will increase to the Adjusted Standard Rate for your approved Card as shown in the Disclosure Statement, beginning on the first day of the following billing period. The Adjusted Standard Rate for your approved Card will apply until you have paid a at least the Minimum Payment shown on your statement Statement on or before the payment due date shown on your statement Statement for twelve (12) nine consecutive billing periods, and after you have done so, the 9.6the annual interest rates that apply to your Account will be reduced to Our Preferred Rate and the Cash Interest Rate shown in the Disclosure Statement, beginning on the first day of the following billing period. The applicable annual interest rates are subject to change from time to time, with notice to you as required by law. The current applicable annual interest rates will also be set out on your Statement. We calculate interest using the “average daily balance method”. At the end of each billing period, we calculate interest separately for each category of transactions and charges (which are: (1) purchases and fees, and (2) Cash Advances, Balance Transfers and Convenience Cheques) that makes up your Balance and that is subject to interestata interest at a different annualinterestrate.Wedeterminetheaveragedailybalancefor annual interest rate (a “category”). For each category, we determine (1) the “average daily balance” of all transactions and charges in that category for the billing period and (2) the “daily interest rate” for that category for that billing period. We then multiply the average daily balance for each category by the daily interest rate for that category, and then by the number of days in the period, and we add this amount to your Balance for each category. We determine the “average daily balance” for a particular category by adding together the balances for thatcategory foreach that category for each day duringthebillingperiodanddividingthatsumbythenumberofdaysinthebilling during the billing period and dividing that sum by the number of days in the billing period. We determine the “daily interest rate rate” for a particular category by dividing the applicable interest rate for the category by 365 (in a regular year) or 366 (in a leap year). 9.7. For each category, we determine (1) the average daily balance of all transactions and charges in that category for the billing period and (2) the daily interest rate for that categoryforthatbillingperiod.We thenmultiplytheaveragedaily balanceforeach categoryby thedailyinterestrateforthatcategory,andthen by thenumberofdaysin the period, and we add this amount to your Balance for each category.

Interest and Grace Periods. 9.1. Interestaccrues on purchasesfromandincluding thedate of eachpurchase and on fees from and including the transaction date shown on your statementEffective prior to May 1, however2023 Effective May 1, 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.2023 9.2. For any individual new purchase or fee that is subject to interest, interest will be chargedfrom and includingthe transactiondateshown on yourstatementuntilthe date we receive a payment that covers the new purchase or fee. Allpayments will beapplied as described in the“HowWeApplyYourPayments”sectionabove.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. 9.3. The annual Interest Rate on your account (excluding Cash Advances, Balance Transfers and Convenience Cheques) is as shown in the Disclosure Statement for your approved Card. 9.4. The annual Cash Interest Rate for Cash Advances, Balance Transfers and Convenience Chequeson youraccount is as shown in theDisclosureStatementforyourapproved Card. 9.5. If you fail to pay at least the Minimum Payment on or before the payment due date shown on your statement for any two (2) billing periods within any twelve (12) month period, the annual interest rate that applies to your account (including Cash Advances, Balance Transfers, and Convenience Cheques) may increase to the Adjusted Rate for your approved Card as shown in the Disclosure Statement, beginning on the first day of the following billing period. The Adjusted Rate for your approved Card will apply until you have paid a least the Minimum Payment shown on your statement on or before the payment due date shown on your statement for twelve (12) consecutive billing periods, and after you have done so, thethe annual interest rates that apply to your account will be reduced to the Interest Rate and the Cash Interest Rate shown in the Disclosure Statement for your approved Card, beginning on the first day of the following billing period. 9.6. We calculate interest using the average daily balance method. At the end of each billing period, we calculate interest separately for each category of transactions and charges (which are: (1) purchases and fees, and (2) Cash Advances, Balance Transfers and Convenience Cheques) that makes up your Balance and that is subject to interestata different annualinterestrate.Wedeterminetheaveragedailybalancefor a particular category by adding together the balances for thatcategory foreach day duringthebillingperiodanddividingthatsumbythenumberofdaysinthebilling period. We determine the daily interest rate for a particular category by dividing the applicable interest rate for the category by 365 (in a regular year) or 366 (in a leap year). 9.7. For each category, we determine (1) the average daily balance of all transactions and charges in that category for the billing period and (2) the daily interest rate for that categoryforthatbillingperiod.We thenmultiplytheaveragedaily balanceforeach categoryby thedailyinterestrateforthatcategory,andthen by thenumberofdaysin the period, and we add this amount to your Balance for each category.

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. 9.2. For any individual new purchase or fee that is subject to interest, interest will be chargedfrom and includingthe transactiondateshown on yourstatementuntilthe date we receive a payment that covers the new purchase or fee. Allpayments will beapplied as described in the“HowWeApplyYourPayments”sectionabove.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. 9.3. The annual Interest Rate on your account (excluding Cash Advances, Balance Transfers and Convenience Cheques) is as shown in the Disclosure Statement for your approved Card. 9.4. The annual Cash Interest Rate for Cash Advances, Balance Transfers and Convenience Chequeson youraccount is as shown in theDisclosureStatementforyourapproved Card. 9.5. If you fail to pay at least the Minimum Payment on or before the payment due date shown on your statement for any two (2) billing periods within any twelve (12) month period, the annual interest rate that applies to your account (including Cash Advances, Balance Transfers, and Convenience Cheques) may increase to the Adjusted Rate for your approved Card as shown in the Disclosure Statement, beginning on the first day of the following billing period. The Adjusted Rate for your approved Card will apply until you have paid a least the Minimum Payment shown on your statement on or before the payment due date shown on your statement for twelve (12) consecutive billing periods, and after you have done so, the 9.6. We calculate interest using the average daily balance method. At the end of each billing period, we calculate interest separately for each category of transactions and charges (which are: (1) purchases and fees, and (2) Cash Advances, Balance Transfers and Convenience Cheques) that makes up your Balance and that is subject to interestata different annualinterestrate.Wedeterminetheaveragedailybalancefor a particular category by adding together the balances for thatcategory foreach day duringthebillingperiodanddividingthatsumbythenumberofdaysinthebilling period. We determine the daily interest rate for a particular category by dividing the applicable interest rate for the category by 365 (in a regular year) or 366 (in a leap year). 9.7. For each category, we determine (1) the average daily balance of all transactions and charges in that category for the billing period and (2) the daily interest rate for that categoryforthatbillingperiod.We thenmultiplytheaveragedaily balanceforeach categoryby thedailyinterestrateforthatcategory,andthen by thenumberofdaysin the period, and we add this amount to your Balance for each category.yourstatementforanytwo