Great news! Starting June 5, 2019, computation of the daily interest rate on retail transactions will start on statement cut-off date. Interest from cash advance transactions, fees, and charges will be computed daily from the transaction date. Unpaid balances in the current Statement will incur interest until the amount is fully paid.
For a clearer understanding, of the new computation of interest rate, please see sample computation below:
What’s more, effective August 13, 2019, your payment due date is now 25 days after cycle date instead of 21 days. This means you have a longer time to prepare your payment!