Maximum Spend Control Sample Clauses
Maximum Spend Control. This control will allow you to specify a transaction threshold amount above which transactions will be denied. Maximum spend on card is the cumulative spend on all managed cards for the login per month. At the end of every month, the system automatically resets the monthly spend amount to zero. The monthly spend amount is calculated starting from the time you register the card for management with the App. If this is a shared card, the spend on the card for the month may already have value as soon as you complete registration and log in for the first time.
Maximum Spend Control. When available, the “Spending Limit” control may be set at the card level; if you the cardholder; has multiple cards and wish to add “Spending Limit” controls you must do so on each individual card. This control will allow you to specify a transaction threshold amount above which transactions will be denied. As the cardholder, you will have the option to put in a “Spending Limit” control per transaction and/or as a monthly cumulative total. In the event, that you the cardholder, put into place a monthly spending limit control, at the end of every month, the system automatically resets the monthly spend amount to zero. The monthly spend amount is calculated starting from the time you turn on the control within the app.