Sentences with phrase «during the billing cycle by»
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.
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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.
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.
The Interest Charge imposed during the billing cycle will be determined by multiplying the Average Daily Balance by the Periodic Rate.
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.
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.
«Net Purchases» for a statement period are determined by totaling all applicable new purchases charged to the Account during the billing cycle, then subtracting credits posted to the Account during the billing cycle for returned purchases and / or adjustments.
T - Mobile is the most generous by far in this area, as it won't start throttling you until you use 50 GB of data during a billing cycle.