Credit charges won't apply to purchases appearing on the statement of account if the full balance is paid by the due date.
However, if the balance of your previous statement of account hasn't been paid in full, the purchases that appear on this statement will be subject to credit charges. They will be calculated from the date they are posted to the statement of account to
the date they are paid in full and based on the annual interest rate in effect for the statement period. In other words, credit charges are based on the purchases that appeared on the previous statement period, and take into account any payments that
have been made.
Credit charges for cash advances and Desjardins credit card cheques are calculated daily (from the moment the withdrawal is made or the cheque is cashed) until the payment is received in full.
Consult your variable credit agreement for examples of credit charge calculations.