Sentences with phrase «balance during that billing cycle»

The Finance Charge for a billing cycle is computed by applying the monthly Periodic Rate to the average daily balance of Credit Purchases which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle.

The finance charge for a billing cycle is computed by applying the monthly periodic rate to the average daily balance of credit purchases, which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle.

If a late fee is charged to your account, you will lose any miles applied to your rewards balance during that billing cycle.

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.

If a late fee is charged to your account, you will lose any miles applied to your rewards balance during that billing cycle.

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.

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.

Regardless of whether you pay off all your balances every month, your credit utilization could be impacted negatively if your balance exceeds 30 percent of the limit on your cards at any time during the billing cycle.

One more thing — this is NOT considered an American Express charge card, which expects you to pay off your balance completely during each billing cycle.

A formulaic calculation used to determine monthly balances that adds finance charges while subtracting payments made to the account during a given month or billing cycle.

Low Introductory APR on balance transfers of 1.99 % for your first 6 billing cycles, this rate will not change during the introductory period.

Also, find out whether the calculation is based on purchases made during the current billing cycle or just on a previously unpaid balance.

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.

It requires you to know exactly what your balance was at the end of each day during the last billing cycle.

For each of your credit card accounts, we will send you a monthly periodic statement showing your outstanding balance at the beginning of the billing cycle («Previous Balance»), all payments and credits posted to your account, all charges and cash advances during your billing cycle, the amount of any finance charge, and your outstanding balance at the end of your billing cycle («New Balance&rbalance at the beginning of the billing cycle («Previous Balance»), all payments and credits posted to your account, all charges and cash advances during your billing cycle, the amount of any finance charge, and your outstanding balance at the end of your billing cycle («New Balance&rBalance»), all payments and credits posted to your account, all charges and cash advances during your billing cycle, the amount of any finance charge, and your outstanding balance at the end of your billing cycle («New Balance&rbalance at the end of your billing cycle («New Balance&rBalance»).

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.

If you elect not to pay the entire New Balance shown on your previous monthly statement within that 25 - day period, a Finance Charge will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle proceeding the date of which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closinBalance shown on your previous monthly statement within that 25 - day period, a Finance Charge will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle proceeding the date of which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closinbalance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle proceeding the date of which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closinBalance is paid in full or until the date of payment if more than 25 days from the closing date.

The statement balance is made up of any transactions that occurred during the last billing cycle, as well as any previous unpaid balances.

Your card issuer will only report the balance on your card at the end of the billing cycle to the credit bureaus and not your total spending during the month.

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

Don't accumulate during a billing cycle more than half of the card's limit, and don't get any credit card unless you can and will pay off the balance in full each month!

The Balance Transfer fee has no maximum during the introductory period (first 6 monthly billing cycles); thereafter, this fee will be a maximum of $ 99 per Balance Transfer.

However, in no case will we impose an over-the-limit fee except in the next two billing cycles unless you have obtained an additional extension of credit in excess of such credit limit during each subsequent cycle or you have reduced the balance below the credit limit as of the end of each bill cycle.

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 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.

If you owe more than 30 % on any one credit card at any point during your monthly billing cycle, it could result in a lower credit score, even if you pay off your balances each month.

STATEMENTS: Each month Lender will send You a statement of your loan account balance, showing all loans, payments, and credits made during the billing cycle.

How We Figure the Average Daily Balance To calculate the «average daily balance» for each category, we take the beginning balance of your Account for that category each day during the BillingBalance To calculate the «average daily balance» for each category, we take the beginning balance of your Account for that category each day during the Billingbalance» for each category, we take the beginning balance of your Account for that category each day during the Billingbalance of your Account for that category each day during the Billing Cycle.

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.

If You do receive loans, You will pay a finance charge based on your loan account balance each day during the billing cycle (after new loans have been added and payments and credits subtracted).

I never liked Discover's two - cycle billing during the period in my life when I carried a balance.

Home Depot does not issue a credit card monthly statement if the account has a zero balance and no activity occurred during the billing cycle.

This is a common billing cycle mistake for cardholders who make the minimum payment, then throw extra cash toward their credit card balance during the month if they can, Tetrault says.

0 % Intro APR for the first 18 billing cycles on balance transfers made during the first 90 days after account opening.

The BankAmericard ® Credit Card offers 0 % intro balance transfer fee during the first 60 days of account opening, and you can enjoy an intro APR of 0 % for 15 billing cycles on balance transfers made during the same 60 - day period.