Promotional Credit Plan definition
Examples of Promotional Credit Plan in a sentence
Each billing statement shows the Interest Charges, which are calculated separately for each: • Promotional Credit Plan with a unique due date or unique terms; • Regular Credit Plan The total interest charge for the billing cycle is the sum of the interest charge for each plan subject to the minimum interest charge shown in the chart.
A Promotional Credit Plan is strictly limited by its terms and the terms and conditions of the special promotion to which it relates.
In addition, the benefits of a Promotional Credit Plan will expire and all accrued Interest Charges in these plans will be added to your Account if you fail to pay the promotional balance by the end of the promotional period or you are in default for a period of 60 or more days during the promotional period.
Unless you are offered a Promotional Credit Plan as described below, and as not prohibited by Applicable Law, Interest Charges will begin to accrue upon delivery of the merchandise you purchase.
The Minimum Payment Due is the total of minimum payments for Regular Revolving and Promotional Credit Plan purchases plus any Past Due amounts.
A Promotional Credit Plan is strictly limited by its terms and the terms and conditions of the promotion to which it relates.
Promotional Credit Plan terms temporarily modify certain terms of this Agreement for qualifying purchases, and all other terms of this Agreement remain unchanged.
Our rights and your responsibilities will change if you make a qualifying purchase under a Promotional Credit Plan.
During the last 2 months of any Promotional Credit Plan, payments in excess of the Total Minimum Payment Due will be applied to the remaining balance of the Promotional Credit Plan about to expire.
In addition, the benefits of a Promotional Credit Plan will expire and all accrued Finance Charges in these plans will be added to the Account if the Account is placed in default.