The Brooks Brothers World Mastercard® is subject to the following fees and interest. Please consult your Cardholder Agreement for full information on interest charges and fees.
Interest
We use the average daily balance method to determine the amount of interest charged on your Account each Billing Period. We will charge interest on any daily balance that is subject to an APR. Your account will be in a grace period in which you will not pay interest, if you pay your balance in full by the payment due date shown on your billing statement each billing period. If you do not pay your balance in full by the payment due date shown on your billing statement each billing period, you will lose your grace period and will pay interest on your purchases from the date they post to your account.
If the interest due on your account is less than $1.00, we will charge you a Minimum Interest fee of $1.00 in lieu of any interest charges. Refer to your Cardholder Agreement for additional details.
Late payment fee
We may charge a late fee if we do not receive your payment as instructed in your statement by the payment due date.
A late payment fee of up to $35 is charged for each instance. Refer to your Cardholder Agreement for additional details.
Returned payment fee
We may charge up to a $10 return payment fee each time your financial institution, for any reason, rejects a payment you make to us. Refer to your Cardholder Agreement for additional details.