BASIC REBATE. If you qualify to earn rebate credits, on the calculation date we will calculate the aggregate amount of purchases charged in the preceding year to your card account less credits and returns (aggregate annual purchases). Basic rebates are calculated as a percentage of aggregate annual purchases up to an annual maximum of $1,000 (basic rebate). Credits (other than payments to your account) and returns will reduce your aggregate annual purchases for the year in which the credits and returns are posted to your account. We will calculate the basic rebate amount by multiplying your aggregate annual purchases times the following percentages: • 0.25% on the first $2,000 • 0.50% on the next $3,000 • 1.50% on any amount over $5,000 The following example illustrates the basic rebate amount calculated on $10,000 of aggregate annual purchases: $2,000 x 0.0025 = $5.00 $3,000 x 0.0050 = $15.00 $5,000 x 0.0150 = $75.00 Basic Rebate $95.00
BASIC REBATE. If you qualify to earn rebate credits, on the calculation date we will calculate the aggregate amount of purchases charged in the preceding year to your card account less credits and returns (aggregate annual purchases). Basic rebates are calculated as a percentage of aggregate annual purchases up to an annual maximum of $1,000 (basic rebate). Credits (other than payments to your account) and returns will reduce your aggregate annual purchases for the year in which the credits and returns are posted to your account. We will calculate the basic rebate amount by multiplying your aggregate annual purchases times the following percentages: • 0.25% on the first $2,000 • 0.50% on the next $3,000 • 1.50% on any amount over $5,000 The following example illustrates the basic rebate amount calculated on $10,000 of aggregate annual purchases: $2,000 x 0.0025 = $5.00 $3,000 x 0.0050 = $15.00 $5,000 x 0.0150 = $75.00 Basic Rebate2. BONUS REBATE $95.00 If you qualify to earn rebates, you will earn an additional annual rebate of up to a maximum of $250 (bonus rebate). The bonus rebate is calculated as a percentage of eligible purchases posted to your account during those periods in the preceding year when your account is carrying a balance. Your account starts to carry a balance on the day after a payment due date when payments and credits made by that date are less than the balance at the beginning of the billing period. Your account will continue to carry a balance until payments and credits made on or before another payment due date equal or exceed the balance at the beginning of that billing period. New purchases posted to your account on the last day when your account was carrying a balance will be included in the rebate calculation. On the calculation date we will calculate, for each period when your account is carrying a balance, the amount of new purchases charged to your card account, less credits and returns (net purchases). Credits (other than payments to your account) and returns will reduce the amount of eligible net purchases for the period in which the credits and returns are posted to your account. We will calculate the amount of bonus rebate by multiplying the total of your eligible net purchases for all those periods carrying a balance by 0.50%. The following example illustrates the amount of bonus rebate during a year when your account carried a balance during three periods and the eligible net purchases during these periods were $1,000, $2,000 and $3,...
