Common use of Interest Charges Clause in Contracts

Interest Charges. Interest charges. Interest will be charged on your account based on the APRs and outstanding balances for each Balance Category. However, interest will not be charged on any outstanding balance that is subject to an interest-free (grace) period. Interest will be calculated separately for each Balance Category and will begin to accrue on the transaction date unless subject to an interest-free (grace) period. Interest-free (grace) period. To avoid being charged interest on new purchases, you must pay your entire statement balance (including all special offer, promotional, and introductory balances) by the due date each month. You will not be charged interest for new purchases if you (a) pay your entire outstanding balance (the “New Balance”) listed on your current statement in full by its due date; and (b) paid your entire outstanding balance (the “New Balance”) listed on your previous statement in full by its due date (or your previous statement had a zero or credit balance). Notwithstanding, you will also not be charged interest for new purchases made in your current billing cycle if the only outstanding balances on your previous statement are under any Eligible Purchases Balance Category which are all at the introductory or promotional APR at the end of your current billing cycle. This interest-free (grace) period applies only to purchases and does not apply to balance transfers, cash advances, or special offers. 1. Start with the beginning balance. (This is the ending balance of the previous day plus an amount equal to the previous day’s ending balance multiplied by the daily periodic rate for that Balance Category.) 2. Add new transactions and fees. 3. Subtract payments, credits, or credit adjustments. 4. Which equals the ending balance for that day. B. We next calculate the average daily balance for each Balance Category. To do that, we add all your daily ending balances for each Balance Category for a billing cycle and then divide it by the number of days in the billing cycle. C. We next multiply your average daily balance for each Balance Category by its daily periodic rate. After that, we multiply that result by the number of days in the billing cycle. This will be the interest charge for that Balance Category except for minor differences due to rounding. For purposes of these calculations, we treat credit balances as a zero balance. This Agreement results in the daily compounding of interest, finance charges, and fees. How this information will appear on statements. On your statement in the “Charge Summary” section, (a) the average daily balance for each Balance Category will be listed under the “Balance Subject to Interest Rate” column; and (b) the interest charges for each Balance Category will be listed under the “Interest Charge” column. All of the interest charges will be totaled on your statement and listed as the “Total Interest”.

Interest Charges. Interest charges. Interest will be charged on your account based on the APRs and outstanding balances for each Balance Category. However, interest will not be charged on any outstanding balance that is subject to an interest-free (grace) period. Interest will be calculated separately for each Balance Category and will begin to accrue on the transaction date unless subject to an interest-free (grace) period. Interest-free (grace) period. To avoid being charged interest on new purchases, you must pay your entire statement balance (including all special offer, promotional, and introductory balances) by the due date each month. You will not be charged interest for new purchases if you (a) pay your entire outstanding balance (the “New Balance”) listed on your current statement in full by its due date; and (b) paid your entire outstanding balance (the “New Balance”) listed on your previous statement in full by its due date (or your previous statement had a zero or credit balance). Notwithstanding, you will also not be charged interest for new purchases made in your current billing cycle if the only outstanding balances on your previous statement are under any Eligible Purchases Balance Category which are all at the introductory or promotional APR at the end of your current billing cycle. This interest-free (grace) period applies only to purchases and does not apply to balance transfers, cash advances, or special offers. To determine interest charges on your account and the balances subject to interest, we use a method called “Average Daily Balance (including new purchases)”. This method calculates balances for each Balance Category as listed below. A. We first calculate the outstanding ending balance for each day in a billing cycle for each Balance Category. 1. Start with the beginning balance. (This is the ending balance of the previous day plus an amount equal to the previous day’s ending balance multiplied by the daily periodic rate for that Balance Category.) 2. Add new transactions and fees. . 3. Subtract payments, credits, or credit adjustments. . 4. Which equals the ending balance for that day. . B. We next calculate the average daily balance for each Balance Category. To do that, we add all your daily ending balances for each Balance Category for a billing cycle and then divide it by the number of days in the billing cycle. . C. We next multiply your average daily balance for each Balance Category by its daily periodic rate. After that, we multiply that result by the number of days in the billing cycle. This will be the interest charge for that Balance Category except for minor differences due to rounding. For purposes of these calculations, we treat credit balances as a zero balance. This Agreement results in the daily compounding of interest, finance charges, and fees. How this information will appear on statements. On your statement in the “Charge Summary” section, (a) the average daily balance for each Balance Category will be listed under the “Balance Subject to Interest Rate” column; and (b) the interest charges for each Balance Category will be listed under the “Interest Charge” column. All of the interest charges will be totaled on your statement and listed as the “Total Interest”. If your account is subject to interest charges in a billing cycle and those interest charges are less than the Minimum Interest Charge listed in the Schedule, you will be charged the Minimum Interest Charge. Under law, the Minimum Interest Charge is treated as a fee. If the Minimum Interest Charge is charged, all the below will apply: (a) It will appear under the “Fees” section of your statement. (b) We will add it to the Balance Category we select. (c) You will not be charged other interest charges for that statement.

Interest Charges. Interest charges. Interest will be charged on your account based on the APRs and outstanding balances for each Balance Category. However, interest will not be charged on any outstanding balance that is subject to an interest-free (grace) period. Interest will be calculated separately for each Balance Category and will begin to accrue on the transaction date unless subject to an interest-free (grace) period. Interest-free (grace) period. To avoid being charged interest on new purchases, you must pay your entire statement balance (including all special offer, promotional, and introductory balances) by the due date each month. You will not be charged interest for new purchases if you (a) pay your entire outstanding balance (the “New Balance”) listed on your current statement in full by its due date; and (b) paid your entire outstanding balance (the “New Balance”) listed on your previous statement in full by its due date (or your previous statement had a zero or credit balance). Notwithstanding, you will also not be charged interest for new purchases made in your current billing cycle if the only outstanding balances on your previous statement are under any Eligible Purchases Balance Category which are all at the introductory or promotional APR at the end of your current billing cycle. This interest-free (grace) period applies only to purchases and does not apply to balance transfers, cash advances, or special offers. Balance calculations and interest charges. To determine interest charges on your account and the balances subject to interest, we use a method called “Average Daily Balance (including new purchases)”. This method calculates balances for each Balance Category as listed below. A. We first calculate the outstanding ending balance for each day in a billing cycle for each Balance Category. 1. Start with the beginning balance. (This is the ending balance of the previous day plus an amount equal to the previous day’s ending balance multiplied by the daily periodic rate for that Balance Category.) 2. Add new transactions and fees. . 3. Subtract payments, credits, or credit adjustments. . 4. Which equals the ending balance for that day. . B. We next calculate the average daily balance for each Balance Category. To do that, we add all your daily ending balances for each Balance Category for a billing cycle and then divide it by the number of days in the billing cycle. . C. We next multiply your average daily balance for each Balance Category by its daily periodic rate. After that, we multiply that result by the number of days in the billing cycle. This will be the interest charge for that Balance Category except for minor differences due to rounding. For purposes of these calculations, we treat credit balances as a zero balance. This Agreement results in the daily compounding of interest, finance charges, and fees. How this information will appear on statements. On your statement in the “Charge Summary” section, (a) the average daily balance for each Balance Category will be listed under the “Balance Subject to Interest Rate” column; and (b) the interest charges for each Balance Category will be listed under the “Interest Charge” column. All of the interest charges will be totaled on your statement and listed as the “Total Interest”.

Interest Charges. Interest charges. Interest will be charged on your account based on the APRs and outstanding balances for each Balance Category. However, interest will not be charged on any outstanding balance that is subject to an interest-free (grace) period. Interest will be calculated separately for each Balance Category and will begin to accrue on the transaction date unless subject to an interest-free (grace) period. Interest-free (grace) period. To avoid being charged interest on new purchases, you must pay your entire statement balance (including all special offer, promotional, and introductory balances) by the due date each month. You will not be charged interest for new purchases if you (a) pay your entire outstanding balance (the “New Balance”) listed on your current statement in full by its due date; and (b) paid your entire outstanding balance (the “New Balance”) listed on your previous statement in full by its due date (or your previous statement had a zero or credit balance). Notwithstanding, you will also not be charged interest for new purchases made in your current billing cycle if the only outstanding balances on your previous statement are under any Eligible Purchases Balance Category which are all at the introductory or promotional APR at the end of your current billing cycle. This interest-free (grace) period applies only to purchases and does not apply to balance transfers, cash advances, or special offers. To determine interest charges on your account and the balances subject to interest, we use a method called “Average Daily Balance (including new purchases)”. This method calculates balances for each Balance Category as listed below. A. We first calculate the outstanding ending balance for each day in a billing cycle for each Balance Category. 1. Start with the beginning balance. (This is the ending balance of the previous day plus an amount equal to the previous day’s ending balance multiplied by the daily periodic rate for that Balance Category.) 2. Add new transactions and fees. . 3. Subtract payments, credits, or credit adjustments. . 4. Which equals the ending balance for that day. . B. We next calculate the average daily balance for each Balance Category. To do that, we add all your daily ending balances for each Balance Category for a billing cycle and then divide it by the number of days in the billing cycle. . C. We next multiply your average daily balance for each Balance Category by its daily periodic rate. After that, we multiply that result by the number of days in the billing cycle. This will be the interest charge for that Balance Category except for minor differences due to rounding. For purposes of these calculations, we treat credit balances as a zero balance. This Agreement results in the daily compounding of interest, finance charges, and fees. How this information will appear on statements. On your statement in the “Charge Summary” section, (a) the average daily balance for each Balance Category will be listed under the “Balance Subject to Interest Rate” column; and (b) the interest charges for each Balance Category will be listed under the “Interest Charge” column. All of the interest charges will be totaled on your statement and listed as the “Total Interest”. Annual fee If your account is subject to interest charges in a billing cycle and those interest charges are less than the Minimum Interest Charge listed in the Schedule, you will be charged the Minimum Interest Charge. Under law, the Minimum Interest Charge is treated as a fee. If the Minimum Interest Charge is charged, all the below will apply: (a) It will appear under the “Fees” section of your statement. (b) We will add it to the Balance Category we select. (c) You will not be charged other interest charges for that statement.

Interest Charges. Interest charges. Interest will be charged on your account based on the APRs and outstanding balances for each Balance Category. However, interest will not be charged on any outstanding balance that is subject to an interest-free (grace) period. Interest will be calculated separately for each Balance Category and will begin to accrue on the transaction date unless subject to an interest-free (grace) period. Interest-free (grace) period. To avoid being charged interest on new purchases, you must pay your entire statement balance (including all special offer, promotional, and introductory balances) by the due date each month. You will not be charged interest for new purchases if you (a) pay your entire outstanding balance (the “New Balance”) listed on your current statement in full by its due date; and (b) paid your entire outstanding balance (the “New Balance”) listed on your previous statement in full by its due date (or your previous statement had a zero or credit balance). Notwithstanding, you will also not be charged interest for new purchases made in your current billing cycle if the only outstanding balances on your previous statement are under any Eligible Purchases Balance Category which are all at the introductory or promotional APR at the end of your current billing cycle. This interest-free (grace) period applies only to purchases and does not apply to balance transfers, cash advances, or special offers. To determine interest charges on your account and the balances subject to interest, we use a method called “Average Daily Balance (including new purchases)”. This method calculates balances for each Balance Category as listed below. A. We first calculate the outstanding ending balance for each day in a billing cycle for each Balance Category. 1. Start with the beginning balance. (This is the ending balance of the previous day plus an amount equal to the previous day’s ending balance multiplied by the daily periodic rate for that Balance Category.) 2. Add new transactions and fees. . 3. Subtract payments, credits, or credit adjustments. . 4. Which equals the ending balance for that day. . B. We next calculate the average daily balance for each Balance Category. To do that, we add all your daily ending balances for each Balance Category for a billing cycle and then divide it by the number of days in the billing cycle. . C. We next multiply your average daily balance for each Balance Category by its daily periodic rate. After that, we multiply that result by the number of days in the billing cycle. This will be the interest charge for that Balance Category except for minor differences due to rounding. For purposes of these calculations, we treat credit balances as a zero balance. This Agreement results in the daily compounding of interest, finance charges, and fees. How this information will appear on statements. On your statement in the “Charge Summary” section, (a) the average daily balance for each Balance Category will be listed under the “Balance Subject to Interest Rate” column; and (b) the interest charges for each Balance Category will be listed under the “Interest Charge” column. All of the interest charges will be totaled on your statement and listed as the “Total Interest”. Annual fee If your account is subject to interest charges in a billing cycle and those interest charges are less than the Minimum Interest Charge listed in the Schedule, you will be charged the Minimum Interest Charge. Under law, the Minimum Interest Charge is treated as a fee. If the Minimum Interest Charge is charged, all the below will apply: (a) It will appear under the “Fees” section of your statement. (b) We will add it to the Balance Category we select. (c) You will not be charged other interest charges for that statement. The additional disclosures in this part below apply to you if, at the time you open your account, any of the below apply (see 32 C.F.R. pt. 232): (1) You are a member of the U.S. armed forces on active duty under a call or order not specifying a period of 30 days or less; (2) You are an active Guard or Reserve; or

Interest Charges. Interest charges. Interest will be charged on your account based on the APRs and outstanding balances for each Balance Category. However, interest will not be charged on any outstanding balance that is subject to an interest-free (grace) period. Interest will be calculated separately for each Balance Category and will begin to accrue on the transaction date unless subject to an interest-free (grace) period. Interest-free (grace) period. To avoid being charged interest on new purchases, you must pay your entire statement balance (including all special offer, promotional, and introductory balances) by the due date each month. You will not be charged interest for new purchases if you (a) pay your entire outstanding balance (the “New Balance”) listed on your current statement in full by its due date; and (b) paid your entire outstanding balance (the “New Balance”) listed on your previous statement in full by its due date (or your previous statement had a zero or credit balance). Notwithstanding, you will also not be charged interest for new purchases made in your current billing cycle if the only outstanding balances on your previous statement are under any Eligible Purchases Balance Category which are all at the introductory or promotional APR at the end of your current billing cycle. This interest-free (grace) period applies only to purchases and does not apply to balance transfers, cash advances, or special offers. To determine interest charges on your account and the balances subject to interest, we use a method called “Average Daily Balance (including new purchases)”. This method calculates balances for each Balance Category as listed below. A. We first calculate the outstanding ending balance for each day in a billing cycle for each Balance Category. 1. Start with the beginning balance. (This is the ending balance of the previous day plus an amount equal to the previous day’s ending balance multiplied by the daily periodic rate for that Balance Category.) 2. Add new transactions and fees. . 3. Subtract payments, credits, or credit adjustments. . 4. Which equals the ending balance for that day. . B. We next calculate the average daily balance for each Balance Category. To do that, we add all your daily ending balances for each Balance Category for a billing cycle and then divide it by the number of days in the billing cycle. . C. We next multiply your average daily balance for each Balance Category by its daily periodic rate. After that, we multiply that result by the number of days in the billing cycle. This will be the interest charge for that Balance Category except for minor differences due to rounding. For purposes of these calculations, we treat credit balances as a zero balance. This Agreement results in the daily compounding of interest, finance charges, and fees. How this information will appear on statements. On your statement in the “Charge Summary” section, (a) the average daily balance for each Balance Category will be listed under the “Balance Subject to Interest Rate” column; and (b) the interest charges for each Balance Category will be listed under the “Interest Charge” column. All of the interest charges will be totaled on your statement and listed as the “Total Interest”. If your account is subject to interest charges in a billing cycle and those interest charges are less than the Minimum Interest Charge listed in the Schedule, you will be charged the Minimum Interest Charge. Under law, the Minimum Interest Charge is treated as a fee. If the Minimum Interest Charge is charged, all the below will apply: (a) It will appear under the “Fees” section of your statement. (b) We will add it to the Balance Category we select. (c) You will not be charged other interest charges for that statement.

Interest Charges. Interest chargesYou will pay the interest charges and fees disclosed in the Credit Card Account Opening Disclosure Statement. Interest will be charged on your account based on the APRs Periodic interest charges for cash advances and outstanding balances for each Balance Category. However, interest will not be charged on any outstanding balance that is subject to an interest-free (grace) period. Interest will be calculated separately for each Balance Category and will transfers begin to accrue on the transaction date unless subject to an interest-free (grace) period. Interest-free (grace) period. To avoid being charged interest on new purchases, you must pay your entire statement balance (including all special offer, promotional, and introductory balances) by of the due date each monthtransaction. You will not be charged periodic interest charges for new purchases if you (a) pay your entire outstanding balance (the “New Balance”) listed on your current statement Balance in full by its due date; and (b) paid your entire outstanding balance (the “New Balance”) listed Payment Due Date shown on your previous statement periodic statement. If you do not pay the New Balance in full by its due date (or your previous statement had a zero or credit balance). Notwithstandingthe Payment Due Date, you will also not be charged periodic interest on purchases from the date the purchase is made. HOW WE CALCULATE YOUR BALANCE AND INTEREST CHARGE ON BALANCES: We use a method called “average daily balance (including new transactions).” We figure the periodic interest charge for new purchases made each Billing Cycle by applying a Daily Periodic Rate to the Average Daily Balance for each Feature Category and adding together all the Average Daily Balances for all the days in your current billing cycle if the only outstanding balances on your previous statement are under any Eligible Purchases Billing Cycle. Feature Categories include purchases, balance transfers, cash advances and promotional balances. These calculations may combine different Feature Categories with the same Daily Periodic Rates. The Average Daily Balance for each Feature Category which are all is arrived at by (i) taking the balance of such Feature Category at the introductory or promotional APR beginning of each day, and at the end of your current billing cycle. This interest-free (grace) period applies only to purchases and does not apply to balance transfers, cash advances, or special offers. 1. Start with the beginning balance. (This is the ending balance of the previous day plus an amount equal adding any new transactions to the previous day’s ending balance multiplied by and subtracting unpaid interest charges and other charges or fees and any payments or credits (the "daily balance"), (ii) adding together the daily periodic rate for that Balance Category.) 2. Add new transactions balances, and fees. 3. Subtract payments, credits, or credit adjustments. 4. Which equals (iii) dividing the ending balance for that day. B. We next calculate the average daily balance for each Balance Category. To do that, we add all your daily ending balances for each Balance Category for a billing cycle and then divide it by the number of days in the billing cycleBilling Cycle. C. We next multiply your average daily balance The Daily Periodic Rate is the annual percentage rate (APR) for the Feature Category divided by 365. The periodic interest charge for each Feature Category is determined by multiplying the Average Daily Balance Category by its daily periodic rate. After thatthe Daily Periodic Rate, we multiply that and multiplying the result by the number of days in the billing cycle. This will be the interest charge for that Balance Category except for minor differences due to rounding. For purposes of these calculations, we treat credit balances as a zero balance. This Agreement results in the daily compounding of interest, finance charges, and fees. How this information will appear on statements. On your statement in the “Charge Summary” section, (a) the average daily balance for each Balance Category will be listed under the “Balance Subject to Interest Rate” column; and (b) the interest charges for each Balance Category will be listed under the “Interest Charge” column. All of the interest charges will be totaled on your statement and listed as the “Total Interest”Billing Cycle.