Common use of Computing Your Interest Charge Clause in Contracts

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.

Computing Your Interest Charge. We figure the interest charge on yo ur u r 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.