Common use of How the Plan Works Clause in Contracts

How the Plan Works. The Plan is an open-end credit plan, including either or both a personal line of credit or credit card. We contemplate that, from time to time, you will use your Plan to borrow money from us (“credit advance”). To borrow under the Plan you must activate each of the Plan’s credit accounts individually. You may do this by submitting a credit request as explained below. If your request is approved, we will furnish you with a credit voucher providing information about your credit limit, annual percentage rate, any other applicable fees or charges, and any additional terms and conditions. In this Agreement, the capitalized word “Credit Voucher” means the document titled “Credit Voucher and Opening Disclosures” for a personal line of credit loan (“Line of Credit”) or “BECU Visa Credit Voucher and Opening Disclosures” for a Visa® credit card (“Card”).