Interest Charges and Fees
We will charge Interest Charges and Fees to your
Account as disclosed on your Statement and other
Truth-In-Lending Disclosures. In general, Interest
Charges begin to accrue on any unpaid amount from
the date of the transaction, date the transaction is
processed or the rst day of the Billing Cycle. However,
we will not charge you interest on any new transactions
posted to the purchase Segment of your Account if
you pay your “New Balance” in full by the due date on
your Statement each month. If you did not pay your
“New Balance” in full when due for a Billing Cycle,
interest will continue to accrue between the time that
we calculate your “New Balance,” as reected on your
Statement, and when we receive your payment. This
interest will post on your next Statement. That is why if
you start accruing Interest Charges, you generally must
pay your “New Balance” in full for two consecutive
Billing Cycles before Interest Charges stop posting to
your Statement. Please note, however, that Interest
Charges will begin accruing immediately for any Cash
Advances and other transactions that do not post to
the purchase Segment. From time to time, we may
provide you offers that allow you to pay less than the
“New Balance” in full and avoid Interest Charges on
new purchase Segment transactions. If we do, we will
provide details in the specic offer.
We will generally treat Fees as purchase transactions
unless otherwise specied below. These Fees
apply to your Account only if your Truth-in-Lending
Disclosures provide for them. We may increase
your Interest Charges and Fees as described in the
Changes to Your Agreement section or in your
Truth-in-Lending Disclosures.
Membership Fee
If your Account has a membership Fee, we may charge
the rst membership Fee either on the day you activate
your Card or on the day when you use your Account,
whichever occurs rst. If your Account terms include a
$0 introductory Fee, we may charge the rst Fee when
the introductory period ends. If it is an annual Fee, we
may then charge it approximately once per year. If it is
a monthly Fee, we may charge it each Billing Cycle.
Late Payment Fee
We may charge you this Fee if we do not receive
your payment as instructed on your Statement by the
payment due date.
Returned Payment Fee
We may charge you this Fee each time your nancial
institution for any reason rejects a payment you make
to us.
Minimum Payment
You must pay us at least the minimum payment
amount by the payment due date. Your Statement will
tell you:
(1) the minimum payment due,
(2) your new balance,
(3) the payment due date, and
(4) an explanation of when the payment must reach
us for us to consider it received as of that date.
Returns and other credits to your Account will reduce
your Account balance, but they will not change your
minimum payment amount.
In addition to the minimum payment, you may pay
all or part of the total balance on your Account. But,
you must still pay at least the minimum payment
amount each month, even if you paid more than the
minimum payment due on the previous Statement.
We will continue to charge Interest Charges during
Billing Cycles when you carry a balance regardless of
whether your Statement includes a minimum payment
that is due. If your Account is 180 days past due, is part
of a bankruptcy proceeding or is otherwise charged off,
the total balance is immediately due and payable.
Making Payments
Your payment must be made in U.S. dollars from
a U.S. deposit account in a form acceptable to us.
We do not accept cash payments through the mail.
You may not make payments with funds from your
Account or any other credit account with us or any
other company in the Capital One organization. You
must send mailed payments to us as instructed on
your Statement, unless we tell you otherwise.
Other Payment Services
We may make services available that allow you
to make faster or recurring payments online or by
telephone. We will describe the terms for using these
services and any applicable Fee before you use them.
You do not have to use these other payment services.
We are not responsible if your nancial institution
rejects a payment made using our payment services.
If you ask someone else to make a payment for you,
we may provide that person with limited Account
information necessary to set up and process that
payment. We may also refuse to accept that payment.
If we do accept it, you will be responsible for that
payment even if a nancial institution rejects it.
Payment Processing
We may accept and process payments without losing
any of our rights. We may delay the availability of
credit until we conrm that your payment has cleared.
This may happen even if we credit your payment to
your Account. We may resubmit and collect returned
payments electronically. If necessary, we may adjust
your Account to correct errors, process returned and
reversed payments, and handle similar issues.
When you send us an Item as payment, you authorize
us to make a one-time electronic fund transfer from
your deposit account. You also authorize us to
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