Common use of Interest on Purchases Clause in Contracts

Interest on Purchases. Except as provided in paragraph (b) below, interest on each Purchase (including a Balance Transfer) will accrue daily from and including the transaction date until the date each Purchase is completely repaid according to the payment allocation method then in effect. If the transaction date was in an earlier billing cycle than the posting date, interest will accrue from and including the first day of the billing cycle in which the transaction was posted.

Appears in 14 contracts

Samples: Disclosure Statement, Credit Card Agreement, Credit Card Agreement

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Interest on Purchases. Except as provided in paragraph (b) below, interest on each Purchase (including a Balance Transfer) will accrue daily from and including the transaction posting date until the date each Purchase is completely repaid according to the payment allocation method then in effect. If Interest Charges will continue to accrue on the transaction amount of your Balance until the date was we post a payment to your Account (subject to your ability to avoid certain Interest Charges by paying the Balance in an earlier billing cycle than the posting date, interest will accrue from and including the first day of the billing cycle in which the transaction was postedfull).

Appears in 1 contract

Samples: Cardholder Agreement

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