Common use of When Interest Charges Begin Clause in Contracts

When Interest Charges Begin. Your payment due date is at least 25 days after the close of each Billing Cycle. We will not charge you interest on new purchases if you pay your entire balance in full by the payment due date each Billing Cycle. We will begin charging interest on cash advances and balance transfers on the transaction date. There is no time period in which you may repay a cash advance or balance transfer and avoid imposition of an interest charge. If you have a balance transfer balance on your Account that is subject to a 0% introductory or promotional APR we will not charge you interest on new purchases during the term of the introductory or promotional offer if you pay by the payment due date of each Billing Cycle the amount shown within the 'Payment Information" box titled "Payment to Avoid Purchase Interest". We calculate the amount by adding: (1) your Minimum Payment Due; plus (2) the total outstanding purchase balance; plus (3) the total outstanding cash advance balance; plus (4) the total amount of outstanding balance transfer balances that are not subject to the 0% introductory or promotional APR; plus (5) any fees that had been assessed to the Account. The "Payment to Avoid Purchase Interest" will never be less than the minimum due.

When Interest Charges Begin. Your payment due date is at least 25 days after the close of each Billing Cycle. We will not charge you any interest on new purchases if you pay your entire balance in full by the payment due date each Billing Cycle. We will begin charging interest on cash advances and balance transfers on the transaction date. There is no time period in which you may repay a cash advance or balance transfer and avoid imposition of an interest charge. If you have a balance transfer balance on your Account that is subject to a 0% introductory or promotional APR we will not charge you interest on new purchases during the term of the introductory or promotional offer if you pay by the payment due date of each Billing Cycle the amount shown within the 'Payment Information" box titled "Payment to Avoid Purchase Interest". We calculate the amount by adding: (1) your Minimum Payment Due; plus (2) the total outstanding purchase balance; plus (3) the total outstanding cash advance balance; plus (4) the total amount of outstanding balance transfer balances that are not subject to the 0% introductory or promotional APR; plus (5) any fees that had been assessed to the Account. Account The "Payment to Avoid Purchase Interest" will never be less than the minimum due.