Cashback Calculation Clause Samples

Cashback Calculation. Your Cashback Rebate Rewards will be calculated monthly at the end of the statement cycle as a percentage of net purchases minus returns. If net purchases exist on a participating Account, rebates will be calculated. If more credits are accumulated than charges, your Account will display a negative rebate dollar amount (e.g., you charge five dollars ($5.00) and receive a credit of seven dollars ($7.00) the rebate is now negative two dollars (-$2.00). You will need to make charges to return to a positive rebate status.