Common use of Credit Availability Clause in Contracts

Credit Availability. After receiving a payment, we can immediately increase your available credit, or delay increasing the available credit on your Account for a period of time. You can check the status of your available credit by going to your Apple Wallet, accessing Wallet & Apple Pay, online at xxxx.xxxxx.xxx, or by contacting us. HOW WE APPLY PAYMENTS, CREDITS AND REFUNDS Subject to applicable law, when we receive a payment, including when you redeem Daily Cash as a credit, for your Account, we will apply: • Amounts up to your Minimum Payment Due in any manner we choose; and • Any amounts exceeding the Minimum Payment Due first to the balance with the highest APR, and then to balances with lower APRs (in descending order based on the applicable APR). This means that any Daily Cash Adjustment that has not been reflected on a Monthly Statement will be paid last. Refunds and other credits may be applied to your Account in any manner, and do not generally reduce your obligation to pay your Minimum Payment Due.

Appears in 5 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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