New Purchases definition
Examples of New Purchases in a sentence
If you pay an amount that is less than your Balance shown on your statement, then we will charge interest on those New Purchases starting from their transaction date until the amount of those New Purchases is paid in full.
Payments made to your account will be applied in the following order: Fees and FINANCE CHARGES; Previously Billed Purchases; Cash Advances; New Purchases.
You can avoid FINANCE CHARGES (interest) on your New Purchases balance by paying the entire account balance (shown as the Total New Balance) by the Account Statement’s “Payment Due” date.
You will avoid FINANCE CHARGES on New Purchases if you pay the Total New Balance in full before the “Payment Due” date.
Except for No Interest balances, we will use the same method to calculate interest as described above in How We Calculate Interest—Average Daily Balance Method (Including New Purchases).
The new terms, including any increase or decrease in the fees, charges or periodic rate, shall apply both to New Purchases and to New Cash Advances made on and after the effective date.
Payments made to your account will be applied in the following order: Fees and Finance Charges; Cash Advances; Previously Billed Purchases; New Purchases.
Credit Purchases, Method “G”: Average Daily Balance (including New Purchases).
However, if you paid the full amount of the New Balance on your last Statement by the Payment Due Date shown on that Statement, or if you had no balance or a credit balance on your last Billing Statement, New Purchases and Balance Transfers will be excluded from the Average Daily Balance of Purchases and Balance Transfers.
Any interest which accrues on New Purchases between the date of your last monthly statement and the date we receive this payment will appear on the next monthly statement.