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Revolving interest begins accruing the day after the statement’s due date, if the balance is not paid in full. This is calculated daily using a compounded interest formula.

If you miss a payment, a late payment fee of 2% of the overdue amount is charged, along with a 1% late payment interest (accrued daily over the same overdue amount). These charges are added to the next statement, and the balance begins to accumulate revolving interest.