Common use of NOW™ Clause in Contracts

NOW™. Pay Now™" means a credit card purchase that will be automatically paid for from Your DDA according to Your Payment Preferences. Any purchase made by You or an Authorized User with Your Account, will be paid for from the DDA that has been linked to Your Account, and in accordance with the Payment Preferences that have been selected by the applicants of the Account. When a toggle® credit is posted to your Account, we reserve the right to place a temporary hold on the available credit created by the toggle® credit. Toggle® does not, nor is it intended to, shorten the time-frame in which your available credit is replenished after a payment to your Account. Purchases may take 1-2 business days to post to Your Account following the date of Purchase. After the Purchase has posted to Your Account, an ACH may take 1-2 business days to appear as a debit on Your DDA. Payments are not applied to the required minimum payment due on Your Statement each month. You will still have a required minimum payment due each month, which will appear on Your Statement and will be subject to the terms of Your cardholder agreement. "Pay Later™" means any Purchase that is made with Your Account that will not be automatically paid for from a DDA, and will become a part of your outstanding credit card balance. You may choose to use the Pay Later™ feature for Your Purchases by choosing not to activate a specific Payment Preference, by deactivating a previously chosen Payment Preference, by cancellation of a linked DDA, or by the cancellation of the toggle® payment feature from Your credit card Account.