Spend Power Sample Clauses

Spend Power. Available Spend Power is the specific amount of funds available to you for use in Debit Card or Extra Rewards Program transactions at any given time, and is limited to the lesser of your Max Spend Power, as defined below, or eighty (80%) percent of your Partner Account balance as of the last time we checked it, although it may be lower, and is subject to the limitations set forth in these Terms, as well as the Debit Card Cardholder Agreement (“Available Spend Power” is referred to in the Debit Card Cardholder Agreement as “Available Funding Source Balance”). Max Spend Power is the highest amount you are able to access regardless of your Available Spend Power and Partner Account balance and is assigned based on Extra’s proprietary risk model determination. Your Max Spend Power cannot exceed $1,500. In using Extra Services, including the EDPS, you acknowledge and agree that the total spending availability accessible to you at any given time for use in Debit Card or Extra Rewards Program transactions is limited to your Available Spend Power, as determined by Extra and displayed in the Extra App. We provide the Issuing Bank an authorization to approve transactions made using your Debit Card only if (i) you have sufficient Available Spend Power at the time of each transaction (ii) you have not exceeded other Transaction Limits under these Terms or the Debit Card Cardholder Agreement, and (iii) you are not otherwise in violation of these Terms or of the Debit Card Cardholder Agreement. We reserve the right to only authorize Extra Rewards Program purchases if (i) you have sufficient Available Spend Power at the time of each transaction (ii) you have not exceeded other Transaction Limits under these Terms or the Debit Card Cardholder Agreement, and (iii) you are not otherwise in violation of these Terms or of the Debit Card Cardholder Agreement. We will automatically evaluate your Available Spend Power when you: