Card Balance. The value of the funds available on the Card at any given time is referred to in this Agreement as the “Balance.” No interest will be paid on the Balance. The Balance is not a deposit and is not FDIC-insured. The Balance is limited to the dollar value established when the Card was purchased. The Balance will decrease each time the Card is used to make an authorized transaction by the full amount of each purchase, including taxes, or if you incur, or we assess, a fee as set forth herein (“Transaction Amount”). The amount of funds shown on the Bank’s records will determine the Balance. Once the Balance is depleted, the Card is no longer valid and you agree (a) not to use the Card; and (b) after you are sure that you do not intend to return any merchandise purchased with the Card, to destroy it. Whenever you use the Card to make an authorized transaction, you are authorizing us to reduce the Balance by an amount equal to the Transaction Amount. You agree to keep track of the Balance on your Card by using our website (xxxxxxxxxxxxxxx.xxx/xxxxxxxx) or by calling toll-free within the United States at 866.601.8090 (“Customer Service Number”) and not to use the Card for any purchase that exceeds the Balance.
Card Balance. At the end of each Cycle, you must pay the entire Step Card Balance that is shown on your Statement by the payment due date shown on your Statement. Military Lending Act Notice: Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependents may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: the costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). To receive this information and a description of your payment obligation, please call 1-888-927- 3063. If you are covered by the Military Lending Act, (i) then you are not bound by the Arbitration Agreement set forth below, and (ii) notwithstanding anything to the contrary in this Agreement, to the extent required by the Military Lending Act, nothing in this agreement will be deemed a waiver of your right to legal recourse under any otherwise applicable provision of state or federal law.
Card Balance. When you use the Card, the amount of the purchase and/or transaction plus any applicable fees for the transaction will be deducted from the unused balance. If the balance is not sufficient to complete the transaction or purchase and pay any fees, the transaction may be denied. If you know this, we suggest you tell the merchant that you want to do a Split Tender Transaction. In other words, use the available balance on your Card and cover the difference with another form of payment. (If the amount of value available is not sufficient to complete the purchase or transaction and pay any fees, a merchant may not accept combining the Card with another form of payment and you may not be able to complete the transaction). Any spending overdraft may be immediately repaid to us and/or our co-brand partners from the next load of funds. If you are entitled to a refund, the refund will be handled by the merchant in accordance with the merchant’s policies. The merchant may choose to credit your Card in place of providing you with cash. You may obtain information about the unused monetary value on your Card by checking your online statement at www.optiom. com/paymentcard or by calling toll free at 0-000-000-0000. Statement information is ONLY available online at xxx.xxxxxx.xxx/ paymentcard and must be checked at least once per month. Paper statements will not be provided. The Card represents a general liability to the card issuer. The money paid by you is not a deposit and does not establish a separate individual deposit account. You will not receive interest on the Card balance. The unused monetary value accessible by the Card, and your rights regarding the use of the Card, are not insured by the Canadian Deposit Insurance Corporation, are not deposits of the Issuers, service providers, or Zoompass; and are subject to normal risks.
Card Balance. You may use your Card for purchases online or in store at participating merchants, as well as for other electronic funds transfers up to the Available Balance on your Card. You agree not to use your Card to make purchases that exceed your Available Balance and you understand that such purchases will ordinarily be declined; however, you agree to pay us promptly if the balance on your Card becomes negative. You should have money in your Ability Account before you make a purchase and record it right away regardless of when the purchase is actually subtracted from your Account balance. If you obtain a refund for something you purchased with your Card, you agree that the merchant may issue a credit to your Ability Account in lieu of a cash refund.
