Common use of Interest that Accrues Prior to Payment in Full Clause in Contracts

Interest that Accrues Prior to Payment in Full. Interest accrues on the unpaid balance of your Account as described above until the date the balance is paid in full, except to the extent paragraph (b) above applies to Purchases posted to your Account. If you pay the entire New Balance shown on the monthly statement of your Account by the Payment Due Date, you will receive a statement the following month for interest that accrued from the closing date of the previous billing cycle until the date your payment in full was posted to your Account, even if no new transactions are posted to your Account after the closing date of the previous billing cycle. To minimize the amount of this interest, pay the New Balance in full immediately upon receipt of your monthly statement. Periodic Rates and Annual Percentage Rates of the Interest Charge: The periodic rates we use to compute interest on your Account and the corresponding annual percentage rates are described below:

Interest that Accrues Prior to Payment in Full. Interest accrues on the unpaid balance of your Account as described above until the date the balance is paid in full, except to the extent paragraph (b) above applies to Purchases posted to your Account. If you pay the entire New Balance shown on the monthly statement of your Account by the Payment Due Date, you will receive a statement the following month for interest that accrued from the closing date of the previous billing cycle until the date your payment in full was posted to your you Account, even if no new transactions are posted to your Account after the closing date of the previous billing cycle. To minimize the amount of this interest, pay the New Balance in full immediately upon receipt of your monthly statement. Periodic Rates and Annual Percentage Rates of the Interest Charge: The periodic rates we use to compute interest on your Account and the corresponding annual percentage rates are described below: