Common use of Card Programs Clause in Contracts

Card Programs. Bank offers the following commercial card programs (availability is based on criteria that Bank establishes): (i) Business Credit Cards or Combination Corporate and Purchasing Cards – programs designed for all Card Transactions. (ii) Business Professional or Corporate Credit Card. – programs designed for Cards to be used for business travel and entertainment expenses. (iii) Purchasing Cards – a program designed for Cards to be used solely to pay Client’s suppliers for business expenses. (iv) Virtual Cards – a program designed for Card numbers to be used for Card Transactions effected online or via telephone. Virtual Accounts are issued generically to the Client and are not personalized for individual users. (v) ScoreCard Reward Program – allows Client with eligible Cards to earn points based on business- related purchases and redeem points for merchandise, statement credits, gift cards, ACH credits and travel. Bank reserves the right to modify or discontinue reward program at any time. Additional program details and terms are posted on the ScoreCard online portal: ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. (vi) Rebate Program – allows Client to earn rebates in accordance with Bank’s rebate terms provided separately.

Appears in 2 contracts

Sources: Treasury Management Services Agreement, Treasury Management Services Agreement