How AIR MILES Reward Miles Are Issued Sample Clauses

How AIR MILES Reward Miles Are Issued. Where purchases qualify for the issue of AIR MILES Reward Miles, AIR MILES Reward Miles will be issued based on the award level established by us from time to time in the period ending with your most recent account statement. AIR MILES Reward Miles are issued in whole numbers only. For example, if your account statement showed $248 in net new purchases and your award level is 1 Reward Mile for every $12 in purchases, then 20 Reward Miles would be issued ($248 divided by $12 equals 20.67). The $8 remainder would be disregarded and no AIR MILES Reward Miles would be issued for it. If an account statement shows more refunds than purchases, AIR MILES Reward Miles will be deducted from accumulated AIR MILES Reward Miles or from AIR MILES Reward Miles to be issued in the future. These deductions will be calculated on the same basis as set out above.
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How AIR MILES Reward Miles Are Issued. Where purchases qualify for the issue of AIR MILES reward miles, AIR MILES reward miles will be issued based on the award level established by us from time to time in the period ending with your most recent account statement. AIR MILES reward miles are issued in whole numbers only. For example, if your account statement showed $248 in net new purchases and your award level is 1 reward mile for every $20 in purchases, then 12 reward miles would be issued ($248 divided by $20 equals 12.4). The $8 remainder would be disregarded and no AIR MILES reward miles would be issued for it. If an account statement shows more refunds than purchases, AIR MILES reward miles will be deducted from accumulated AIR MILES reward miles or from AIR MILES reward miles to be issued in the future. These deductions will be calculated on the same basis as set out above.
Sample 1

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