Yes, if you carry a balance then this would be the case. If you pay your statement in full every month then this would not apply.

FWIW. the sentence from Notice of Change in Terms: "We accrue periodic finance charges on a transaction, fee, or finance charge from the date it is added to your daily balance until payment in full is received on your account." is the same in my original Cardmember Agreeement.

Nowhere in the Notice of Change in Terms does it mention the removal of, or amendment to, the following statement from the original Cardmember Agreeement: "However, we do not charge periodic finance charges on new purchases billed during the billing cycle if we receive payment of your New Balance by the date and time your minimum payment is due and we received payment of your New Balance on your previous billing statement by the date and time your payment was due.".

Oh and FWIW, there has never been a 23 day grace period on finance charges on new purchases for those that do not pay their statement balance in full every month.