Common use of Interest Charges Clause in Contracts

Interest Charges. While you may always choose to pay your full new balance shown on your statement, interest charges will apply if we do not receive your full new balance by the due date on your statement. How do you receive an interest grace period? Interest will not be charged on transactions and you will have an interest grace period for transactions of 21 days from the closing date on your statement to the payment due date (due date) if every month we receive payment in FULL by the due date. Payment in FULL means payment of the total new balance shown on your statement which is made up of all charges to your account (including purchases, funds advances, fees and other charges) up to the closing date. If we do not receive payment in FULL by the payment due date, the grace period on your next statement will be extended to up to 25 days. The specific due date will be shown on your statement. Subject to any interest-free grace period that may still apply, interest will be charged on any previous balances during this period. The grace period will revert to 21 days on the next statement after we receive payment in FULL. If the due date falls on a weekend or Canadian federal or applicable provincial holiday, if we receive payment in FULL by the next business day, you will still have an interest grace period for purchases as set out in this section. Interest on flexible payment option balances If we do not receive payment in FULL by the due date shown on your current statement, you will be charged interest on all transactions (except those that are not subject to interest) shown on that month’s statement and interest will be applied to your account as described below. Any partial payment of your balance will have the effect of reducing the interest payable on your account. Except for Quebec residents, even if we receive payment in FULL of the new balance shown on your most recent statement, you will still be charged interest on all previously billed and unpaid transactions (except those that are not subject to interest) ,if any, up until the date that we receive payment in FULL of that statement. These additional interest charges will appear on your next statement. Interest on Due in Full balances Due in full balances are part of the required monthly minimum payment and must be paid by the due date shown on the statement on which they first appear. However, interest only applies to due in full balances if they become delinquent. A due in full balance becomes delinquent when it remains unpaid on the last day of the billing period in which it is due. How do we calculate interest and when is it added to your statement?

Interest Charges. While you may always choose to pay your full new balance shown on your statement, interest charges will apply if we do not receive your full new balance by the due date on your statement. How do you receive an interest grace period? The interest grace period from the closing date of the current statement to the closing date of the next statement varies and will be 28, 29, 30, or 31 days depending on the number of days in the calendar month in which the current closing date occurs. Interest will not be charged on transactions and you will have an interest grace period for transactions of 21 up to 31 days from the closing date on your statement to the payment due date (due date) if every month we receive payment in FULL by the due datenext statement date after the transaction first appeared on your billing statement. Payment in FULL means payment of the total new balance shown on your statement which is made up of all charges to your account (including purchases, funds advances, fees and other charges) up to the closing date. If we do not receive payment in FULL by the payment due date, the grace period on your next statement will be extended to up to 25 days. The specific due date will be shown on your statement. Subject to any interest-free grace period that may still apply, interest will be charged on any previous balances during this period. The grace period will revert to 21 days on the next statement after we receive payment in FULL. If the due date falls on a weekend or Canadian federal or applicable provincial holiday, if we receive payment in FULL by the next business day, you will still have an interest grace period for purchases as set out in this section. Interest on flexible payment option balances If we do not receive payment in FULL by the due date shown on your current statementnext statement date, you will be charged interest on all transactions (except those that are not subject to interest) shown on that month’s statement and interest will be applied to your account as described below. Any partial payment of your balance will have the effect of reducing the interest payable on your account. Except for Quebec residents, even if we receive payment in FULL of the new balance shown on your most recent statement, you will still be charged interest on all previously billed and unpaid transactions (except those that are not subject to interest) ,), if any, up until the date that we receive payment in FULL of that statement. These additional interest charges will appear on your next statement. Interest on Due in Full balances Due in full balances are part of the required monthly minimum payment and must be paid by the due date shown on the next statement on which they first appeardate. However, interest only applies to due in full balances if they become delinquent. A due in full balance becomes delinquent when it remains unpaid on the last day of the billing period in which it is due. How do we calculate interest and when is it added to your statement?

Interest Charges. While you may always choose to pay your full new balance shown on your statement, interest charges will apply if we do not receive your full new balance by the due date on your statement. How do you receive an interest grace period? Interest will not be charged on transactions and you will have an interest grace period for transactions of 21 days from the closing date on your statement to the payment due date (due date) if every month we receive payment in FULL by the due date. Payment in FULL means payment of the total new balance shown on your statement which is made up of all charges to your account (including purchases, funds advances, fees and other charges) up to the closing date. If we do not receive payment in FULL by the payment due date, the grace period on your next statement will be extended to up to 25 days. The specific due date will be shown on your statement. Subject to any interest-free grace period that may still apply, interest will be charged on any previous balances during this period. The grace period will revert to 21 days on the next statement after we receive payment in FULL. If the due date falls on a weekend or Canadian federal or applicable provincial holiday, if we receive payment in FULL by the next business day, you will still have an interest grace period for purchases as set out in this section. Interest on flexible payment option balances If we do not receive payment in FULL by the due date shown on your current statement, you will be charged interest on all transactions (except those that are not subject to interest) shown on that month’s statement and interest will be applied to your account as described below. Any partial payment of your balance will have the effect of reducing the interest payable on your account. Except for Quebec residents, even if we receive payment in FULL of the new balance shown on your most recent statement, you will still be charged interest on all previously billed and unpaid transactions (except those that are not subject to interest) ,if interest),if any, up until the date that we receive payment in FULL of that statement. These additional interest charges will appear on your next statement. Interest on Due in Full balances Due in full balances are part of the required monthly minimum payment and must be paid by the due date shown on the statement on which they first appear. However, interest only applies to due in full balances if they become delinquent. A due in full balance becomes delinquent when it remains unpaid on the last day of the billing period in which it is due. How do we calculate interest and when is it added to your statement?.

Interest Charges. While you may always choose to Holder shall pay your full new balance Interest Charges as shown on your Holder’s monthly statements, for each billing period in which there is a cash advance or the Previous Balance is not paid in full prior to the Closing Date of the billing statement. For cash advance fees, interest charges will apply if we do not receive your full new balance by please see the due date Rates and Fees Disclosure Table. We figure the Interest Charges on your statement. How do you receive an interest grace period? Interest will not be charged on transactions and you will have an interest grace period for transactions of 21 days from account by applying the closing date on your statement monthly Periodic Rate to the payment due date (due date) if every month we receive payment entire “ Balance Subject to Interest Rate.” The additional charge for cash advances shall not apply to any cash advance obtained und er a separate credit agreement with Holder and written in FULL by connection with these regulations. The “ Balance Subject to Interest Rate” is the due date. Payment in FULL means payment “ average daily balance,” of the total new balance shown on your statement which is made up of all charges to your account (including purchasescurrent transaction). To get the “ average daily balance,” we take the beginning balance of the account each day, funds add any new cash advances, fees credit purchases and other charges) , and subtract any payments or credits, unpaid late charges, unpaid membership fees and unpaid Interest Charges. This gives us the daily balance. Then, we add up all of the daily balances for the billing cycle and divide the total by the number of days in the billing cycle. This gives us the “ AVERAGE DAILY BALANCE.” Interest Charges for credit purchases begin on the date the purchase is posted to the closing date. If we do not receive payment in FULL by account unless the payment due date, the grace period on your next statement will be extended to up to 25 days. The specific due date will be shown on your statement. Subject to any interest-free grace period that may still apply, interest will be charged on any previous balances during this period. The grace period will revert to 21 days on the next statement after we receive payment in FULL. If the due date falls on a weekend or Canadian federal or applicable provincial holiday, if we receive payment in FULL by the next business day, you will still have an interest grace period for purchases as set out in this section. Interest on flexible payment option balances If we do not receive payment in FULL by the due date shown on your current statement, you will be charged interest on all transactions (except those that are not subject to interest) shown on that month’s statement and interest will be applied to your account as described below. Any partial payment of your balance will have the effect of reducing the interest payable on your account. Except for Quebec residents, even if we receive payment in FULL of the new balance shown on your most recent statement, you will still be charged interest on all previously billed and unpaid transactions (except those that are not subject to interest) ,if any, up until the date that we receive payment in FULL of that statement. These additional interest charges will appear on your next statement. Interest on Due in Full balances Due in full balances are part of the required monthly minimum payment and must be paid by the due date Previous Balance shown on the statement on which they first appear. However, interest only applies to due is paid in full balances prior to the Closing Date of the statement. Credit purchases made during the statement period and the Previous Balance will be excluded from the calculation of the “average daily balance” if they become delinquent. A due the Previous Balance shown on the front of the statement was paid in full balance becomes delinquent when it remains unpaid prior to the Closing Date of the statement. The Interest Charges for cash advances begin on the last day of date the billing period advance is posted to the account. Holder may avoid additional Interest Charges on an account by paying in which it is due. How do we calculate interest and when is it added to your full the New Balance shown on the account’s monthly statement within 25 days after the Closing Date for that statement?.