Changes by us. You acknowledge that we may, with your consent, increase your credit limit. We may reduce your credit limit at any time without notice. If we change your credit limit, your new limit will be shown on a subsequent statement. CREDIT LIMIT ALERTS We will send an electronic alert notification to your email address or by SMS to your mobile phone if you are approaching your credit limit. If we have your email address or mobile phone number and if you do not opt out of the alert, the electronic alert will be sent when you are within $100 of your credit limit or another threshold that you may select, as required by law. The alert will be triggered based on your most recent transaction. You can change the threshold for when you receive Credit Limit alerts by updating your Account Alert settings. These settings can be updated in your Online Services account under Communication Preferences. The alert will advise you that an overlimit fee will apply (except for Quebec residents), that you can stop spending until we receive your payment and that payment processing times depends on payment method. You may also request a credit limit increase but subject to approval if you are eligible. If you make a single purchase that exceeds the alert threshold you could exceed your limit without first receiving an alert and the overlimit fee will be charged (except for Quebec residents). In this case you will receive an alert after you have already exceeded your credit limit.
Appears in 23 contracts
Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement
