Common Contracts
1 similar Visa Credit Card Agreement contracts
VISA® CREDIT CARD AGREEMENT AND DISCLOSUREVisa Credit Card Agreement • October 1st, 2024
Balance Computation Method. We figure the interest charge on your account by applying the periodic rate to the “average daily balance” of your account. To get the “average daily balance” we take the beginning balance of your account each day, add any new purchases, advances and fees, and subtract any unpaid interest or other finance charges and any payments or credits. This gives us the daily balance. Then, we add up all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle. This gives us the “average daily balance.”
