Grace Period for the repayment of the balance for purchases.
Not less than 25 days.* If not paid in full, the monthly payment on Total New Balance is as follows:
VISA CLASSIC - $10 or 2% of balance, whichever is greater; VISA GOLD - $10 or 3% of balance, whichever is greater.
* The Grace Period is the full billing cycle and will not be less than 25 days. Finance are imposed on purchases from as early as the posting date until payment in full is received. However there is no Purchase Finance Charge for a monthly billing cycle if the Account Balance is paid and credited in full by the end of that billing cycle.
** Your interest rate is based on an "Index" plus a Margin.
Index - The Federal Reserve Discount Rate
*** Average daily balances are calculated by adding the outstanding balance (including new purchases) and deducting payments and credits for each day in the billing cycle and then dividing by the number of days in the billing cycle.
Last Updated: June25, 2008 |
