CASH REWARDS PROGRAM. You are entitled to Cash Rewards as described in these paragraphs. You will receive Cash Rewards of 1.5% of Qualifying Net Purchases during each billing cycle; provided, however, you will not receive or accrue any Cash Rewards for a billing cycle if, by the end of that cycle, the minimum payment due shown on the statement for the
CASH REWARDS PROGRAM. Applicable only if you have the ECU Cash Rewards Visa. You will earn at least one percent (1%) cash back (the “Cash Reward”) on Net Purchases made with the Card. Net purchases are earned based on new net retail transactions ("Net Purchases" i.e. purchases less credits, returns and adjustments) charged to the Account during each periodic billing cycle. When a purchase or transaction is not a whole dollar amount, any fraction equal to or greater than $0.50 will be rounded up to the nearest whole dollar and any fraction equal to or less than $0.49 will be rounded down to the nearest whole dollar. Transactions that are not eligible for Cash Rewards include, but are not limited to, cash advances including ATM withdrawals, money orders, balance transfers, convenience checks, drafts, fees, interest charges and travelers check purchases. Earned Cash Rewards will be itemized on your periodic statement and will indicate total amount of cash rewards earned during the statement month and total amount of cash rewards available for redemption. We reserve the right to exclude from Net Purchases unauthorized Purchases (or which are later returned or disputed) and Purchases which are added to your Account after you are past due or over limit. We reserve the right to add other transactions to the list of ineligible transactions at our discretion and at any time. Any questions regarding eligibility of transactions shall be determined by us in our sole discretion. This program is void where prohibited or restricted by law. You are responsible for any federal, state or local income or other taxes. We reserve the right to modify, amend or terminate the Cash Rewards Program at any time.
CASH REWARDS PROGRAM. You will be entitled to Reward Points as described below. You will earn 5 Reward Points for each $1 spent when your card is used for purchases in the travel category. You will earn 3 Reward Points for each $1 spent when your card is used for purchases in the dining at restaurants category. You will receive 2 Reward Points for each $1 dollar spent in all other categories. Reward Points can only be earned on Qualifying Net Purchases during each billing cycle. “Qualifying Net Purchases” means all authorized credit purchases posted to your Account less (i) any credit purchase refunds, (ii) any credits for returned purchases, and (iii) any disputed Account items. Merchants who accept Visa credit cards are assigned a merchant code, which is determined by the merchant or it’s processor in accordance with Visa rules. We group similar merchant codes into categories for purposes of making rewards offers to you. Please note: we make every effort to include all relevant merchant codes in our rewards categories. However, even though a merchant or some of the items that it sells may appear to fit within a rewards category, the merchant may not have a merchant code in that category. When this occurs, purchases with that merchant will not qualify for rewards offers on purchases in a category in which the merchant does not have a merchant code. Purchases submitted by you, Additional Cardholders, or the merchant through third-party payment accounts, mobile or wireless card readers, online or mobile digital wallets, or similar technology will not qualify in a rewards category if the technology is not set up to process the purchase in that rewards category. Notwithstanding the foregoing, you will not receive or accrue any Rewards Points for a billing cycle if, by the end of that cycle, the minimum payment due shown on the statement for the immediately preceding billing cycle is not paid. Reward Points will be posted to your Account at the end of each billing cycle. Reward Points can be redeemed only if, at the time of redemption, (i) your Account is open and in good standing, (ii) your membership with FAIRWINDS Credit Union is in good standing, and (iii) you have no delinquent or charged off loans or lines of credit with FAIRWINDS Credit Union. All Reward Points will be forfeited if your Account is closed or terminated for any reason by you or us. We may change or terminate the Program at any time. When you use points to redeem for travel, each point is worth $.0150 (one and ...
