Sentences with phrase «interest during billing cycles»

We will continue to charge Interest during Billing Cycles when you carry a balance regardless of whether your Statement includes a minimum payment that is due.

Not exact matches

A creditor shall allocate the entire amount paid by the consumer in excess of the minimum payment amount to a balance on which interest is deferred during the last 2 billing cycles immediately preceding the expiration of the period during which interest is deferred.

You also begin incurring interest on purchases made during the next billing cycle.

Anything that happens to your account during the current billing cycle, whether it's a payment, credit or purchase, doesn't get included in the interest calculation.

Payments that are more frequent reduce the spikes in the balance over the 30 - day billing cycle and shorten the number of days during which you incur higher interest charges.

The Interest Charge imposed during the billing cycle will be determined by multiplying the Average Daily Balance by the Periodic Rate.

If we so allow, and so charge you, there will be an Overlimit Fee in the amount provided per the then - current Rates and Fees Table imposed on your Account if the outstanding balance, minus Interest Charges, exceeds the Total Credit Limit at any time during the previous billing cycle (subject to us allowing such transactions.

If a person is to leave even just $ 1 unpaid, it will start to accrue interest during the next billing cycle.

Used to compute a consumer's credit card bill, it is part of the formula that is multiplied by the outstanding debt to come up with the interest rate charge during a given billing cycle.

As a small bonus, there is no interest charge during the first billing cycle.

We will continue to charge Interest Charges during Billing Cycles when you carry a balance regardless of whether your Statement includes a minimum payment that is due.

You buy $ 100 of supplies during a billing cycle, and your general interest rate is 15 %.

The interest owed on that billing cycle would be $ 15 in addition to the $ 100 that was spent; however, this interest is not applied if the balance on the loan is paid in full during the billing cycle.

Minimum monthly payment equal to the interest that accrued on the outstanding balance during the preceding billing cycle or $ 50, whichever is greater.

Grace Period: No interest due on purchases if balance paid in full on the due date and purchases are made during the billing cycle

We add together the results of these daily calculations to get your total Interest Charge for the Billing Cycle, subject to a minimum Interest Charge of $ 1.00 for each Billing Cycle during which Interest Charges based on a periodic rate are imposed.

Paying your new balance in full by the due date triggers a break on interest on new purchases during the current billing cycle — if you pay in full consistently.

How interest is calculated: The interest is generally calculated by dividing the APR by 365 or 360 to get a «daily periodic rate» and then either applying that rate to the balance at the end of each day, or multiplying the rate by the number of days in the billing cycle and the average daily account balance during the billing cycle.