Periodic FINANCE CHARGE. The total outstanding balance of purchases, cash advances and balance transfers in the Account on the closing date of any Billing Cycle, including any FINANCE CHARGES, will be shown on the Billing Statement for that Billing Cycle as the "New Balance". VISA 1 – 6.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of .5825% and corresponding ANNUAL PERCENTAGE RATE of 6.99% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 2 – 12.9% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.075% and corresponding ANNUAL PERCENTAGE RATE of 12.9% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. VISA 3 – 16.99% APR Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate of 1.416% and corresponding ANNUAL PERCENTAGE RATE of 16.99% applicable to the Redbrand Credit Union accounts, set forth in the Initial Disclosure provided to you. The Periodic FINANCE CHARGE on Credit Purchases is calculated as follows: A FINANCE CHARGE will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that statement. If you elect not to pay the entire New Balance shown on your previous monthly statement within that 25 day period, a FINANCE CHARGE will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of positing to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle preceding the date on which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closing date. The FINANCE CHARGE for a billing cycle is computed by applying the monthly Periodic Rate to the average daily balance of Credit 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 adding to the outstanding unpaid balance of Credit Purchases at the beginning of the billing cycle any new Credit Purchases posted to your account, and subtracting any payments as received and credits posted to your account, but e...
Periodic FINANCE CHARGE. FINANCE CHARGE begins to accrue from the date the transac- tion is posted to my Account. The FINANCE CHARGE is calcu- lated (and stored) each day during the billing cycle by taking the beginning day’s balance and multiplying it by the Periodic Rate divided by 365. The total FINANCE CHARGE for the Billing Cycle is the sum of all stored FINANCE CHARGES for that cycle. No FINANCE Charge will be imposed on new purchases which appear for the first time during the Billing Cycle if the entire Previous Statement Balance (including unpaid FINANCE CHARGE) is paid in full by the payment Due Date and there is no new cash advance activity. Cash Advances will incur a daily FINANCE CHARGE for each day the Cash Advance balance remains on the account. You define Cash Advance in this disclo- sure under ACCESSING THE ACCOUNT. FINANCE CHARGE is calculated using the balance as of the beginning of each day in the Billing Cycle. While transactions actually posted to my account on the Billing Cycle Close Date will be included in the Balances and other Totals at the bottom of each statement, they will not have been used in the calculation of that cycle’s FINANCE CHARGE as the beginning balance for that day would have already been determined.
Periodic FINANCE CHARGE. Your account will be subject to the Monthly Periodic Finance Charge Rate and corresponding Annual Percentage Rate applicable to The State Bank of Toledo accounts, set forth in the Initial Disclosure provided to you by us.
Periodic FINANCE CHARGE. Your account will be subject to the Monthly Periodic FINANCE CHARGE Rate and corresponding Annual Percentage Rate applicable to the "Institution Name" accounts, set forth in the Initial Disclosure provided to you by us. The Periodic Finance charge on Cash Advances is calculated as follows: "Insert Method for Cash Advances" The Periodic Finance Charge on Credit Purchases is calculated as follows: "Insert Method for Credit Purchases"
Periodic FINANCE CHARGE. Interest charges will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that statement. If you elect not to pay the entire New Balance shown on your previous monthly statement within that 25-day period, interest charges will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle preceding the date on which the entire New Balance is paid in full or until the date of payment, if more than 25 days from the closing date. Interest charges will be imposed on Cash Advances and your Balance Transfers on the transaction date and will continue to accrue until the date of payment. There is no grace period or other time period within which to pay the Cash Advance new balance to avoid this portion of the FINANCE CHARGE. The periodic rates applicable to Purchases, Cash Advances, and Balance Transfers are disclosed on the Disclosure that accompanies this Agreement. Any Penalty Rate that may be imposed for failing to make a payment by the payment due date is also disclosed on the Disclosure.
Periodic FINANCE CHARGE. Interest charges will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that statement. If you elect not to pay the entire New Balance shown on your previous monthly statement within that 25-day period, interest charges will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle preceding the date on which the entire New Balance is paid in full or until the date of payment, if more than 25 days from the closing date. Interest charges will be imposed on Cash Advances on the transaction date and will continue to accrue until the date of payment.
Periodic FINANCE CHARGE. For each statement period, we will charge a Periodic Finance Charge on the account calculated by multiplying each of the Average Daily Balance of Purchases and the Average Daily Balance of Cash Advances, described below, by the monthly periodic rate. We add the results together to give us the total Periodic Finance Charge for the statement period. The monthly periodic rate is disclosed in the Loan Schedule of Rates and Fees that accompanies this agreement.
