Merchant has the power and authority to authorize the automatic funds transfer provided for in the Merchant Agreement;
Refund or credit We will credit your card account with any refund in respect of a card transaction or any payment or other credit due to you at such time as we may determine in accordance with our usual practice after our receipt of the amount of such refund, payment or credit in Singapore and conversion to Singapore dollars, where necessary, in accordance with clause 6.8. Any such refund, payment or credit credited to your card account shall not be remitted to you unless we otherwise determine but shall be applied towards the full or partial discharge of the current balance.
Preauthorized Credits If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you can call us at (000) 000-0000 or (845) 294- 6151 to find out whether or not the deposit has been made.
Cardholder Any person authorized to use a Card by the Card Issuer.
Credit Cards About 57% of first-year students reported having at least one credit card, although just 15% have two or more cards. Among those students who have credit cards, 87% reported that they pay off their balance each month and, as such, their current credit card balance is zero; however, when asked what their current credit card balance is, just 36% said it is zero. Among those with an unpaid balance, the average credit card debt is $1,047. Table 47: Credit cards All students (n=18,092) Group University of Manitoba (n=230) 1 (n=6,335) 2 (n=6,712) 3 (n=5,045) Number of credit cards (FIN1) None 43% 53% 43% 36% 39% One 42% 35% 42% 48% 48% Two 6% 4% 6% 6% 2% Three or more 9% 9% 9% 9% 11% Regularly pay off balance each month* (FIN2) Yes 87% 83% 88% 87% 87% Total credit card balance* (FIN3) Zero 36% 34% 35% 38% 39% $500 or less 9% 9% 9% 9% 14% $501 to $1,000 3% 3% 2% 3% 3% Over $1,000 2% 2% 1% 2% <1% Don't know 51% 52% 53% 48% 44% Average (all with credit card) $196 $268 $158 $205 $99 Average (those with unpaid balance) $1,047 $1,450 $803 $1,041 $767 * Total credit card balance and payment of the balance were asked of those who had at least one credit card.