Balance Subject to Interest Charges (BSIC) Meaning & Definition | Credit One Bank

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What is a Balance Subject to Interest Charge (BSIC)?

The amount owed by a cardholder that will be used to calculate the interest owed at the end of a credit card’s billing cycle. Balances subject to interest charges on a credit card are typically one of the following: purchases, balance transfers, or cash advances. Interest owed is calculated using the following formula:

BSIC x Daily Periodic Rate x Number of Days in Billing Cycle = Interest Owed

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