Use Credit Wisely

Understanding Payments and Fees
UNDERSTANDING PAYMENTS AND FEES

Avoid interest and late fees on your retail transactions by understanding how they are incurred.

If you pay
(Payment Amount)
Payment Date Interest Charge Late or Penalty Charge
The Total Amount Due
(full payment)
On or before the Payment Due Date No No
After the Payment Due Date Yes Yes
At least the
Minimum Amount Due
On or before the Payment Due Date Yes No
After the Payment Due Date Yes Yes
Less than the
Minimum Amount Due
On or before the Payment Due Date Yes Yes
Note: The table above refers to retail transactions only, not to cash advance transactions.

Credit cards can benefit you if used responsibly. You can enjoy discounts and privileges like rebates, rewards points and travel miles for all your retail purchases to maximize the benefits of up to 21 days interest free. However, if you do not take charge of your credit, you may find yourself in debt quickly.