Statement Credits Sample Clauses
A Statement Credits clause outlines the process by which a party receives a credit on their account statement, typically as a form of refund, adjustment, or incentive. This clause specifies the conditions under which credits are issued, such as for returned goods, billing errors, or promotional offers, and details how and when the credit will appear on the recipient’s statement. Its core function is to provide a clear and standardized method for resolving overpayments or adjustments, ensuring transparency and accuracy in financial transactions between parties.
Statement Credits. Statement Credit will post to your account in the month of October each year. • The credit is applied to the overall balance on the account, which means that you must still make the monthly minimum payment due. • Statement credits may not be canceled or returned
Statement Credits. Cash back rewards are paid annually by way of a statement credit to your card account. The cash back rewards amount: (i) will be applied by us as a credit against the outstanding balance on your card account on or before the next statement date after the calculation date; and (ii) will appear on the next billing statement after the calculation date. Depending on your billing statement’s balance, this could result in your account having a credit balance. We may pay cash back rewards using a method other than a statement credit. If you wish to find out more about how cash back rewards are applied against the outstanding balance please call ▇-▇▇▇-▇▇▇-▇▇▇▇. Your earn rate is • 1.25% of all card purchases each year Below is an example of the amount of the monthly cash back balance calculated on several transaction types: Transaction #1: $5,000.00 purchase x 0.0125 = $62.50; Transaction #2: $0.33 purchase x 0.0125 = $0.004 (rounded down to $0.00); Transaction #3: $750.00 for travellers cheques: not considered a “purchase”, so $0.00 Transaction #4: $200.49 purchase x 0.0125 = $2.506 (rounded up to $2.51) Your earn rate is • 2% of all card purchases each year Below is an example of the amount of the monthly cash back balance calculated on several transaction types: Transaction #1: $5,000.00 purchase x 0.02 = $100.00; Transaction #2: $0.33 purchase x 0.02 = $0.007 (rounded up to $0.01); Transaction #3: $750.00 for travellers cheques: not considered a “purchase”, so $0.00 Transaction #4: $200.49 purchase x 0.02 = $4.0098 (rounded up to $4.01)
Statement Credits. Cash back rewards are paid annually by way of a statement credit to your card account. The cash back rewards amount: (i) will be applied by us as a credit against the outstanding balance on your card account on or before the next statement date after the calculation date; and (ii) will appear on the next billing statement after the calculation date. Depending on your billing statement’s balance, this could result in your account having a credit balance. We may pay cash back rewards using a method other than a statement credit. If you wish to find out more about how cash back rewards are applied against the outstanding balance please call ▇-▇▇▇-▇▇▇-▇▇▇▇. Your earn rates are • 2% on all eligible gas station purchases in Canada. • 2% on all eligible grocery store purchases in Canada, up to a maximum of $15,000 in purchases posted to your account on this category (equal to $300 cash back) annually. Once the maximum is reached, you will no longer earn 2% regardless of credits, returns and adjustments subsequently posted to your account. After that, you will then earn 1.25% on eligible purchases. Calculation resets to zero each year on the Cardmembership anniversary date. • 1.25% on all other purchases charged to your card that are not eligible gas station purchases or eligible grocery store purchases. Below is an example of the amount of the monthly cash back balance calculated on several transaction types: Transaction #1: $175.51 eligible gas station purchase x 0.02 = $3.5102 (rounded down to $3.51); Transaction #2: $5,000.00 eligible grocery store purchase x 0.02 = $100.00; Transaction #3: $200.75 other purchase that is not an eligible gas station or eligible grocery store purchase x 0.0125 =$2.509375 (rounded up to $2.51); Transaction #4: $0.33 other purchase that is not an eligible gas station or eligible grocery store purchase x 0.0125 = $0.004 (rounded down to $0.00); Transaction #5: $750.00 for travellers cheques: not considered a “purchase”, so $0.00 Your earn rates are • 4% on all eligible gas station purchases in Canada. • 4% on all eligible grocery store purchases in Canada, up to a maximum of $30,000 in purchases posted to your account on this category (equal to $1,200 cash back) annually. Once the maximum is reached, you will no longer earn 4% regardless of credits, returns and adjustments subsequently posted to your account. After that, you will then earn 2% on all eligible purchases. Calculation resets to zero each year on the Cardmembership anni...
Statement Credits. The availability of participating merchants and amount of cash back credits vary and are subject to change. Check the SoFi Website or SoFi Mobile App often to see what offers are available. Credits will not appear or be reflected on your transaction receipt from the Merchant at the time of purchase. Subject to eligibility verification and settlement of the qualifying transaction, scheduled payouts will be posted to your SoFi Checking Account within 7 days after the transaction has settled but may be subject to delays.
Statement Credits. Any statement credit earned on an Offer will typically be credited to your account within three calendar months after the calendar month following your purchase. For example, any Offers you redeem in the month of December should be credited to your account by the end of March. The amount of the statement credit for Offers, applied to your Designated Account, will be shown on the Designated Account statement and may be viewed on the Program Website. Your Designated Account
Statement Credits. All Statement Credit redemptions are final. Credit One Bank is not able to process refunds, exchanges, or cancellations. If you choose to redeem cash back rewards credits for statement credits, you will receive a credit on the applicable statement. Statement Credits for cash back rewards will reduce the balance on your Account but will not count as a payment. You will still be required to pay at least the Minimum Payment Due as shown on your billing statement each month. A cash back reward may be redeemed in increments as low as $.01. The minimum increment may change without notice. • Statement Credits will be posted to your Program card account within 7 business days of the redemption request. • The Statement Credits will be issued to your Program card account only and may not be redeemed for cash or cash equivalents, transferred to another card, or used as a payment on other accounts.