Introductory Balance Transfer Offer Expiration Sample Clauses

Introductory Balance Transfer Offer Expiration. Beginning on the first day after the account has been open for 90 days, new balance transfers no longer qualify for the Introductory Balance Transfer rate. To avoid paying INTEREST CHARGES on the balance of Purchases (including Balance Transfers) reflected on your monthly statement and, on any new purchases appearing on your next monthly statement, you must pay the New Balance of Purchases, shown on your monthly statement, on or before the Payment Due Date. The grace period for the New Balance of Purchases extends to the Payment Due Date. The INTEREST CHARGES for a billing cycle are computed by applying your monthly periodic rate to the Average Daily Balance of Purchases, which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle. Each daily balance of Credit Purchases is determined by subtracting from the previous balance of Credit Purchases any payments received and credits as posted to your account, but excluding any unpaid Interest Charges and new purchase transactions. The INTEREST CHARGE on Cash Advances begins to accrue on the date you obtain the Cash Advance or the first day of the billing cycle in which it is posted to your account, whichever is later. The INTEREST CHARGES for a billing cycle are computed by applying your monthly periodic rate to the Average Daily Balance of Cash Advances. To get the Average Daily Balance, we take the beginning balance of your Account each day, add any new Cash Advances, and subtract any payments, credits, non-accruing fees, and unpaid finance charges. This gives us the daily balance. Then we add up the daily balances for the billing cycle and divide the total by the number of days in the billing cycle. You can always keep the INTEREST CHARGE to a minimum by making payments, whatever the amount, as promptly and as often as possible.