Sentences with phrase «day 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 Billing Cycle.

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).

Not exact matches

They impute the expenses every month that a member pays less than the full amount owed during the previous 30 - day billing cycle.

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 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.

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

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.

Gift cards are mailed out seven to 14 days after the end of the billing cycle during which you crossed the spending threshold and never expire, so you don't have to rush to spend your rewards before they disappear.

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.