Net New Qualified Purchases definition
Net New Qualified Purchases means purchases of goods or services you or any authorized user on your Account makes using the Account, minus any purchase returns, refunds, or credit adjustments. Net New Purchases do not include cash advances, balance transfers, or transactions involving convenience checks or access checks. You will not earn Points for interest or finance charges, late payment fees, annual fees, over-the-limit fees, or unauthorized charges. Points earned for purchases will be credited during the billing cycle in which you earn them. Points do not have a cash value, are non-transferable, and cannot be purchased or sold for cash. All other Points will be credited at the end of the billing cycle following the cycle in which you earned them. Points credited in a billing cycle will not be available for redemption until at least 2 business days after they are posted. Your Point balance will be adjusted based on your account activity. If you return items purchased with your Account, your Points balance may be negative. Should this occur, future points earned will be used to bring the balance to zero or a positive balance.