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.
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.
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.
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!
Grace Period: No interest due on purchases if balance paid in
full on the due date and purchases are made
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 applied for the Southwest cards in mid-October, you should be able to meet your minimum spend requirement: 1) after the new year and 2)
during the
billing cycle that closes in January, which means you'd be guaranteed the
full two years to use the pass.