Computing Your Interest Charge Clause Samples

Computing Your Interest Charge. We figure the interest charge on your account by applying the periodic rate to the “Average Daily Balance” of Purchases and “Average Daily Balance” of Cash Advances, including current transactions.
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Computing Your Interest Charge. We figure the interest charge on
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Computing Your Interest Charge. We figure the
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Computing Your Interest Charge. We figure the INTEREST CHARGE on your account by applying the periodic rate to the “Average Daily Balance” of each Balance Category on the account, including current transactions. Balance Categories include Purchases, Balance Transfers, Cash Advances, Introductory Rates and any special rate offers we may make available from time to time. If you are charged interest, the charge will be no less than $1.00 (the minimum interest charge will appear as “Minimum Charge” in the fees section of your statement).
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Computing Your Interest Charge. We figure the interest charge on yo ur account by applying the periodic rate to the “Average Daily Balance” of Purchases and “Average Daily Balance” of Cash Advances, including cu rre n t transactions.
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Computing Your Interest Charge. We figure the INTEREST CHARGE on your Credit Card account by applying the periodic rate to the “Average Daily Balance” of Purchases and “Average Daily Balance” of Cash Advances (including current transactions.)
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Related to Computing Your Interest Charge

  • Minimum Interest Charge If the interest charge for all balances on your Credit Card account is less than $1.00, we will charge you the Minimum Interest Charge shown on page 1. This charge is in lieu of any interest charge.

  • Interest Charges You agree to pay interest at the rate(s) disclosed to you at the time you open your account and as may be changed from time to time in accordance with applicable law. Average Daily Balance including new transactions: Interest Charges will accrue on your average daily balance outstanding during the month. To get the average daily balance, we take the beginning balance each day, add any new purchases, cash advances, balance transfers or other advances, and subtract any payments, unpaid interest charges, and unpaid late charges. This gives us the daily balance. Then, we add up all the daily balances for the billing cycle and divide that by the number of days in the billing cycle. We then multiply that by the periodic rate corresponding to the Annual Percentage Rate on your account. If you have different rates for purchases, cash advances or balance transfers, separate average daily balances for each will be calculated and the appropriate periodic rate is then applied to each.