Common use of Interest Grace Period Clause in Contracts

Interest Grace Period. Interest and other credit charges accrue on Charges from (and including) the date each such Charge is posted to the Card Account. If the entire New Balance on a particular Statement is paid by the payment due date shown on that Statement (“Payment Due Date”), you will not be charged interest or other credit charges on such Charges (other than fees associated with Cash Advances) appearing on that Statement. However, if the entire New Balance of a Statement is not paid by the Payment Due Date for that Statement, interest or other credit charges on such Charges will not be waived and will be charged from (and including) the date each such Charges are posted to the Card Account and will appear on your next Statement. Also, any Charges that are converted into an Instalment Plan do not form part of the New Balance and do not get the benefit of a grace period. Interest and other credit charges are never waived for transactions which are Cash Advances (including Balance Transfers, and bill payments made through ATMs or the Neo Platform) or their associated fees.

Interest Grace Period. Interest and other credit charges accrue on Charges from (and including) the date each such Charge is posted to the Card Account. If the entire New Balance on a particular Statement is paid by the payment due date shown on that Statement (“Payment Due Date”), you will not be charged interest or other credit charges on such Charges (other than fees associated with Cash Advances) appearing on that Statement. However, if the entire New Balance of a Statement is not paid by the Payment Due Date for that Statement, interest or other credit charges on such Charges will not be waived and will be charged from (and including) the date each such Charges are posted to the Card Account and will appear on your next Statement. Also, any Charges that are converted into an Instalment Plan do not form part of the New Balance and do not get the benefit of a grace period. Interest and other credit charges are never waived for transactions which are Cash Advances (including Balance Transfers, and bill payments made through ATMs or the Neo Neo’s Platform) or their associated fees.