Common use of Applying Credit Receipts Clause in Contracts

Applying Credit Receipts. If you use your Card or Convenience Checks for a transaction which is subsequently canceled and you are given a credit receipt, we will credit your account by the amount shown on the credit receipt within three (3) business days after our receipt of the credit transaction. The credit will be processed as of the posting date, not the transaction date for purposes of the Average Daily Balance calculation.

Applying Credit Receipts. If you use your the cardholder uses the Card or Convenience Checks for a transaction which is subsequently canceled cancelled and you are is given a credit receipt, we will credit your the cardholder’s account by the amount shown on the credit receipt within three (3) business days after our receipt of the credit transaction. The credit will be processed as of the posting date, not the transaction date for purposes of the Average Daily Balance calculation.