Common use of Credit Transaction Clause in Contracts

Credit Transaction. 15.1 A debit for a purchase and a subsequent credit for cancellation of goods / services are considered to be two separate transactions. You must pay for the purchase transaction as it appears in the Statement to avoid any additional charges being levied. 15.2 On cancellation, the refund will only be credited to the Card Account (less cancellation charges) as and when received by Bank. If the credit is not posted to the Card Account within a period of 30 days, you can notify the bank via the app or email or phone.

Appears in 5 contracts

Samples: Card Member Agreement, Card Member Agreement, Card Member Agreement

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