Common use of For Student Silver Credit Card ONLY - Cash Rewards Clause in Contracts

For Student Silver Credit Card ONLY - Cash Rewards. If you have a VISA Student Silver Account, you may earn a cash reward equal to 1.00% of net purchases (purchases less returns and other credits) made during a billing cycle. Cash advances, including convenience checks and balance transfers, and any other amounts other than purchases do not qualify for the cash reward. The maximum you can earn on your Account is $500 per calendar year. Your Account must remain open and in good standing in order to receive the cash reward. If your Account is closed before a cash reward is paid, you will forfeit that reward. If your Account is past due, over the limit, is otherwise in default, is fraud restricted, is part of a consumer credit counseling arrangement or is subject to discharge in a pending bankruptcy, you will forfeit all cash rewards accrued and will not be eligible for further rewards until the disqualifying condition is remedied. The terms and conditions of the reward program may be changed or cancelled at any time and for any reason without notice.