Retail Purchases. Finance Charge to be calculated on a daily basis after the Interest Free Period provided the outstanding balance of stated in the Cardmember’s previous Statement is fully settled by Payment Due Date. Otherwise, finance charges as per the applicable tiered rate per month will be levied on all Retail Transactions from the date the Retail Transactions are posted. The unpaid balance or balances will be carried forward from the previous Statement or Statements and finance charges will be imposed, commencing on the respective dates for the computation of finance charges as set out above. The financial charge may vary for each account based on the Cardmember’s past 12 months repayment behaviour as below: Cardmember payment behaviour for the past 12 months Finance charges for the 13th month Pay on time for all 12 month 13.5% p.a. Pay on time either 10 or 11 months 16.0% p.a. Pay on time less than 10 months or credit card tenure is less than 13 months 17.5% p.a.
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Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement