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How is interest calculated on my account?
If you don't pay in full and on time, we charge interest based on an average daily balance on your account. We calculate the average daily balance by adding up the outstanding balance on your account each day and dividing this by the number of days in the month. The sooner you make a payment to your account, the lower your average daily balance will be, and the less interest you'll have to pay.
Please note that if your total account balance is on a promotional 0% interest rate, you won't be charged any interest during the offer period, as long as you make your minimum payment on time every month.
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