How CashBack Rewards Are Issued Sample Clauses

How CashBack Rewards Are Issued. Where purchases qualify for CashBack rewards, such rewards 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. CashBack rewards are rounded down to the nearest cent. If you have the BMO CashBack MasterCard you will earn 1.0 CashBack rewards – that’s $1 back on every $100 of net new purchases. For example, if your Account statement showed $555.00 in net new purchases, you would receive $5.55 in CashBack rewards ($555 x 1.0 = $5.55). If an Account statement shows more refunds than purchases, CashBack rewards will be deducted from accumulated CashBack rewards or from CashBack rewards you receive later. These deductions will be calculated on the same basis as set out above.

How CashBack Rewards Are Issued. Where purchases qualify for CashBack rewards, CashBack rewards 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. CashBack rewards are rounded down to the nearest cent. If an Account statement shows more refunds than purchases, CashBack rewards will be deducted from accumulated CashBack rewards or from CashBack rewards you receive later. These deductions will be calculated on the same basis as set out above.