We multiply each daily balance by its applicable daily periodic rates (each applicable APR divided by 365).
We do this for each day in the Billing Period. This gives us the daily interest amounts.
Then we total all the daily interest amounts for all the daily balances. This gives us the total interest for the Billing Period.
Note: Your balances, and their corresponding APRs, are shown on your statement.
Calculating the New Balance. To calculate the New Balance at the end of each Billing Period, we begin with the total Account balance at the start of that Billing Period. Then we add any Transactions that are new to the Account during that Billing Period. Then we subtract any credits applied or payments made during that Billing Period. Then we add any interest charges or fees incurred during that Billing Period and make any other adjustments, as applicable (for example, if you have disputed a charge).
Grace Period on Purchases. You won't pay any interest on Purchases if you pay the New Balance, including any Balance Transfers, in full by the payment due date shown on your statement each Billing Period. We call this a grace period on purchases . If you don't pay your New Balance, including any Balance Transfers, in full by the payment due date in a Billing Period, you'll pay interest on your Purchases from the date they're posted to your Account.
There's no grace period on Balance Transfers and Cash Advances. This means you'll pay interest on Balance Transfers and Cash Advances from the date these Transactions post to your Account.
FEES & FOREIGN CURRENCY CONVERSION
Fee · Amount · About the Fee
Late Fee · Up to $25 · Wehave the right to charge you a late fee if you don't pay at least an amount equal to the Minimum Payment Due by the payment due date.
Return Payment Fee · Up to $30 · Wehave the right to charge you a Return Payment fee if your bank doesn't honor your payment. If that happens, we'll resubmit the payment request.
Transaction Fee for Balance Transfers · Either $5 or 3% of the amount of each transfer, whichever is greater. · Wecharge you a fee for each Balance Transfer.
Transaction Fee for Cash Advances · Either $5 or 3% of the amount of each cash advance, whichever is greater. · Wecharge you a fee for each Cash Advance.
Transaction Fee for Purchases in Foreign Currency · 3% of the amount of the Transaction after conversion to U.S. dollars, with a minimum of $1 . · Wemay charge you a fee for a Purchase made in a currency other than U.S. dollars, regardless of where the Transaction takes place or who the merchant is.
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