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. 9.2. 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 above. 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 is as shown in the Disclosure Statement and each subsequent statement. 9.4. The annual interest rate applicable to your Account is a variable interest rate which is the sum of the First National Prime Rate, plus the fixed rate set forth in the Disclosure Statement. It will be adjusted after your next statement if there has been a change in the First National Prime Rate. 9.5. We may with prior notice, increase or decrease in our sole discretion the fixed rate component of your annual interest rate applicable to your Account following a review of any combination of, but not limited to: 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) that make up your Balance and that is subject to interest at a different annual interest rate. We determine the average daily balance for a particular category by adding together the balances for that category for each day during the billing period and dividing that sum by the number of days in the billing 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 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.
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Samples: Cardholder Agreement, Cardholder Agreement
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.not
9.2. 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 above. 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 is as shown in the Disclosure Statement and each subsequent statement.
9.4. The annual interest rate applicable to your Account is a variable interest rate which is the sum of the First National Prime Rate, plus the fixed rate set forth in the Disclosure Statement. It will be adjusted after your next statement if there has been a change in the First National Prime Rate.
9.5. We may with prior notice, increase or decrease in our sole discretion the fixed rate component of your annual interest rate applicable to your Account Ac- count following a review of any combination of, but not limited to:
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) that make up your Balance and that is subject to interest at a different annual interest rate. We determine the average daily balance for a particular category by adding together the balances for that category for each day during the billing period and dividing that sum by the number of days in the billing 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).of
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 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.
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Samples: Cardholder Agreement
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 Xxxx Cash Advances, and XxxxBalance Transfers, Cash-like Transactions and Convenience Cheques nor any associated fees. Interest will always accrue on these transactions and their associated fees from the transaction date shown on your statement.
9.2. 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 above. 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 account (excluding Cash Advances, Balance Transfers and Convenience Cheques) is Our Preferred Rate as shown in the Disclosure Statement and each subsequent 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.
9.4. The annual interest rate applicable to for Cash Advances, Balance Transfers and Convenience Cheques on your Account is a variable interest rate which account is the sum of the First National Prime Rate, plus the fixed rate set forth Cash Interest Rate as shown in the Disclosure Statement. It will be adjusted after , provided that you always pay at least the Minimum Payment shown on your next statement if there has been a change in on or before the First National Prime Ratepayment due date shown on your statement.
9.5. We may with prior noticeIf 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, increase or decrease in our sole discretion the fixed rate component of your annual interest rate applicable that applies to your Account account (including Cash Advances, Balance Transfers and Convenience Cheques) will increase to the Standard Rate shown in the Disclosure Statement, beginning on the first day of the following a review 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 your statement for nine consecutive billing periods, and after you have done so, the 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 any combination ofthe following billing period. The applicable annual interest rates are subject to change from time to time, but not limited to:with notice to you as required by law. The current applicable annual interest rates will also be set out on your statement.
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 make makes up your Balance and that is subject to interest at a different annual interest rate. We determine the average daily balance for a particular category by adding together the balances for that category for each day during the billing period and dividing that sum by the number of days in the billing 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, 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.
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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.
9.2. 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 above. 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 is as shown in the Disclosure Statement and each subsequent statement.
9.4. The annual interest rate applicable to your Account is a variable interest rate which is the sum of the First National Prime Rate, plus the fixed rate set forth in the Disclosure Statement. It will be adjusted after your next statement if there has been a change in the First National Prime Rate.
9.5. We may with prior notice, increase or decrease in our sole discretion the fixed rate component of your annual interest rate applicable to your Account following a review of any combination of, but not limited to:: ▪ Your account behaviour (including missed or late payment(s), Credit Limit and cash advance utilization); and ▪ Your credit bureau reports and credit history (including changes in your credit, delinquencies, civil judgements, collections or foreclosure) You acknowledge that your annual interest rate will change if the First National Prime Rate changes. We will not give you prior notice if your interest rate changes for this reason.
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) that make up your Balance and that is subject to interest at a different annual interest rate. We determine the average daily balance for a particular category by adding together the balances for that category for each day during the billing period and dividing that sum by the number of days in the billing 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 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.
Appears in 1 contract
Samples: Cardholder Agreement
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 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.date
9.2. 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 above. 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.described
9.3. The annual interest rate Interest Rate on your Account account (excluding Cash Advances, Balance Transfers and Convenience Cheques) is as shown in the Disclosure Statement and each subsequent statementfor your approved Card.
9.4. The annual Cash Interest Rate for Cash Advances, Balance Transfers and Convenience Cheques on your account is as shown in the Disclosure Statement for your approved 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 applicable that applies to your Account is a variable interest rate which is account (including Cash Advances, Balance Transfers and Convenience Cheques) may increase to the sum of the First National Prime Rate, plus the fixed rate set forth Adjusted Rate for your approved Card as shown in the Disclosure Statement, beginning on the first day of the following billing period. It The Adjusted Rate for your approved Card will apply until you have paid at least the Minimum Payment shown on your statement on or before the payment due date shown on your statement for nine (9) consecutive billing periods, and after you have done so, the annual interest rates that apply to your account will be adjusted after your next statement if there has been a change reduced to the Interest Rate and the Cash Interest Rate shown in the First National Prime RateDisclosure Statement for your approved Card, beginning on the first day of the following billing period.
9.5. We may with prior notice, increase or decrease in our sole discretion the fixed rate component of your annual interest rate applicable to your Account following a review of any combination of, but not limited to:
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) that make up your Balance and that is subject to interest at a different annual interest rate. We determine the average daily balance for a particular category by adding together the balances for that category for each day during the billing period and dividing that sum by the number of days in the billing 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).charges
9.7. For each category, we determine (1) the average daily balance of all transactions and charges in that category for the billing period, 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.. EXAMPLES OF INTEREST/CREDIT CHARGES FOR A 30-DAY BILLING PERIOD ON BALANCES OF: Rate* $500 $1,000 $3,000 * For Quebec Residents, the expressions Interest Rate, Cash Interest Rate and Adjusted Rate are Credit Rates within the meaning of the Quebec Consumer Protection Act. ǂ
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