Common use of How the Purchase Cushion Works Clause in Contracts

How the Purchase Cushion Works. The Purchase Cushion is a special feature available exclusively to Cardholders who have qualified for an upgrade to the ACE Elite with Direct Deposit Card Account. For information about how to qualify for an upgrade to the ACE Elite with Direct Deposit Card Account, please see the section above labeled “How to Qualify for an Upgrade to the ACE Elite with Direct Deposit Card Account.” As described above in the section labeled“Using Your Card and Virtual Account/Limitations,”you generally do not have the right to make transactions or incur fees in amounts exceeding the available balance of your Card Account. We reserve the right to deny any transaction if available funds in your Card Account are insufficient to cover any transaction, fees, or other charges. However, as a non-contractual courtesy, and in our sole discretion, upon qualifying for an upgrade to the ACE Elite with Direct Deposit Card Account, we may from time-to-time approve purchase transactions that you request that create up to a $10.00 negative balance in your Card Account. We refer to this feature as the Purchase Cushion. You will not be assessed any fees for Purchase Cushion coverage. If you meet our eligibility requirements, we may authorize negative balances resulting from Personal Identification Number (“PIN”)-based and signature-based transactions initiated using your Card or Virtual Account. Bill pay transactions initiated through the PayAnyone bill pay service are not eligible for Purchase Cushion coverage, nor are ATM transactions or ACH debit transactions initiated using the Issuer’s routing number and your assigned Card Account number. You may receive only one (1) $10.00 negative balance allowance at a time. Negative balances are approved at our discretion on a per transaction basis. It is important to keep track of the value in your Card Account because it will be your responsibility to determine if you have incurred a negative balance. If you make a transaction that creates a negative balance in your Card Account, you agree that within thirty (30) days of its creation you will add sufficient funds to your Card Account to cover the negative balance so that your Card Account has a zero or positive balance, or that you will otherwise immediately pay such an amount to us in full upon demand. If after thirty (30) days you have not added sufficient funds to cover your negative balance, your Card Account will remain open to receive credits and loads, which will automatically be applied to your negative balance before they are available to you; however, you will not be able to make any transactions using your Card or Virtual Account until your Card Account has a positive balance, i.e., sufficient funds to cover the negative balance. If you have not added sufficient funds to your Card Account to cover the negative balance within sixty (60) days of its creation, we will have the right to cancel your Card Account and pursue collection, including the right to collect funds, equal to or less than the negative balance, from any other Card Account(s) you may have with us. In all instances described above, loads to your Card Account may be made via Direct Deposit or any of the other load methods described in this Agreement. Should you voluntarily discontinue use of your Card, you shall remain responsible for the negative balance in your Card Account and agree that any credits or loads made to your Card will be used to offset the value of the negative balance, if any. You acknowledge that a negative balance in your Card Account does not constitute a contractual open end line of credit. If we permit a negative balance on one or more occasions, we do not thereby obligate ourselves to permit a negative balance on any future occasion, and we may refuse to pay a negative balance for you at any time, even though we may have previously paid negative balances up to the $10.00 limit for you. We have no obligation to notify you before we approve or decline a transaction that would result in a negative balance in your Card Account. Items will be approved or declined in the order they are received.

How the Purchase Cushion Works. The Purchase Cushion is a special feature available exclusively to Cardholders who have qualified for an upgrade to the ACE Elite with Direct Deposit Card Accountreceived qualifying direct deposits of paychecks and/or government benefits payments totaling at least $500.00 within one (1) calendar month. For information about how to qualify for an upgrade to the ACE Elite with Direct Deposit Card Account, please see the section above labeled “How to Qualify for an Upgrade to the ACE Elite with Direct Deposit Card Account.” As described above in the section labeled“Using labeled “Using Your Card and Virtual Account/Limitations,”you Account/ Limitations,” you generally do not have the right to make transactions or incur fees in amounts exceeding the available balance of your Card Account. We reserve the right to deny any transaction if available funds in your Card Account are insufficient to cover any transaction, fees, or other charges. However, as a non-contractual courtesy, and in our sole discretion, upon qualifying for an upgrade to the ACE Elite with Direct Deposit Card AccountPurchase Cushion, we may from time-to-time approve purchase transactions that you request that create up to a $10.00 negative balance in your Card Account. We refer to this feature as the Purchase Cushion. You will not be assessed any fees for Purchase Cushion coverage. If you meet our eligibility requirements, we may authorize negative balances resulting from Personal Identification Number (“PIN”)-based PIN-based and signature-based transactions initiated using your Card or Virtual Account. Bill pay transactions initiated through the PayAnyone our third-party bill pay service providers and Account-to-Account Transfers are not eligible for Purchase Cushion coverage, nor are ATM transactions or ACH debit transactions initiated using the Issuer’s routing number and your assigned Card Account number. You may receive only one (1) $10.00 negative balance allowance at a time. Negative balances are approved at our discretion on a per transaction basis. It is important to keep track of the value in your Card Account because it will be your responsibility to determine if you have incurred a negative balance. If you make a transaction that creates a negative balance in your Card Account, you agree that within thirty (30) days of its creation you will add sufficient funds to your Card Account to cover the negative balance so that your Card Account has a zero or positive balance, or that you will otherwise immediately pay such an amount to us in full upon demand. If after thirty (30) days you have not added sufficient funds to cover your negative balance, your Card Account will remain open to receive credits and loads, which will automatically be applied to your negative balance before they are available to you; however, you will not be able to make any transactions using your Card or Virtual Account until your Card Account has a positive balance, i.e., sufficient funds to cover the negative balance. If you have not added sufficient funds to your Card Account to cover the negative balance within sixty (60) days of its creationFurther, we will have the right to cancel your Card Account and pursue collection, including the right to collect funds, equal to or less than the negative balance, from any other Card Account(s) you may have with us. In all instances described above, loads to your Card Account may be made via Direct Deposit direct deposit or any of the other load methods described in this Agreement. Should you voluntarily discontinue use of your Card, you shall remain responsible for the negative balance in your Card Account and agree that any credits or loads made to your Card will be used to offset the value of the negative balance, if any. You acknowledge that a negative balance in your Card Account does not constitute a contractual open end line of credit. If we permit a negative balance on one or more occasions, we do not thereby obligate ourselves to permit a negative balance on any future occasion, and we may refuse to pay a negative balance for you at any time, even though we may have previously paid negative balances up to the $10.00 limit for you. We have no obligation to notify you before we approve or decline a transaction that would result in a negative balance in your Card Account. Items will be approved or declined in the order they are received.

How the Purchase Cushion Works. The Purchase Cushion is a special feature available exclusively to Cardholders who have qualified for an upgrade to the ACE Elite with Direct Deposit Card Accountreceived qualifying direct deposits defined as paychecks or government benefits totaling at least $500.00 within one (1) calendar month. For information about how to qualify for an upgrade to the ACE Elite with Direct Deposit Card Account, please see the section above labeled “How to Qualify for an Upgrade to the ACE Elite with Direct Deposit Card Account.” As described above in the section labeled“Using labeled “Using Your Card and Virtual Account/Limitations,”you generally do not have the right to make transactions or incur fees in amounts exceeding the available balance of your Card Account. We reserve the right to deny any transaction if available funds in your Card Account are insufficient to cover any transaction, fees, or other charges. However, as a non-contractual courtesy, and in our sole discretion, upon qualifying for an upgrade to the ACE Elite with Direct Deposit Card AccountPurchase Cushion, we may from time-to-time approve purchase transactions that you request that create up to a $10.00 negative balance in your Card Account. We refer to this feature as the Purchase Cushion. You will not be assessed any fees for Purchase Cushion coverage. If you meet our eligibility requirements, we may authorize negative balances resulting from Personal Identification Number (“PIN”)-based PIN-based and signature-based transactions initiated using your Card or Virtual Account. Bill Xxxx pay transactions initiated through the PayAnyone bill our third-party xxxx pay service providers and Account-to-Account Transfers are not eligible for Purchase Cushion coverage, nor are ATM transactions or ACH debit transactions initiated using the Issuer’s routing number and your assigned Card Account number. You may receive only one (1) $10.00 negative balance allowance at a time. Negative balances are approved at our discretion on a per transaction basis. It is important to keep track of the value in your Card Account because it will be your responsibility to determine if you have incurred a negative balance. If you make a transaction that creates a negative balance in your Card Account, you agree that within thirty (30) days of its creation you will add sufficient funds to your Card Account to cover the negative balance so that your Card Account has a zero or positive balance, or that you will otherwise immediately pay such an amount to us in full upon demand. If after thirty (30) days you have not added sufficient funds to cover your negative balance, your Card Account will remain open to receive credits and loads, which will automatically be applied to your negative balance before they are available to you; however, you will not be able to make any transactions using your Card or Virtual Account until your Card Account has a positive balance, i.e., sufficient funds to cover the negative balance. If you have not added sufficient funds to your Card Account to cover the negative balance within sixty (60) days of its creationFurther, we will have the right to cancel your Card Account and pursue collection, including the right to collect funds, equal to or less than the negative balance, from any other Card Account(s) you may have with us. In all instances described above, loads to your Card Account may be made via Direct ACH Deposit or any of the other load methods described in this Agreement. Should you voluntarily discontinue use of your Card, you shall remain responsible for the negative balance in your Card Account and agree that any credits or loads made to your Card will be used to offset the value of the negative balance, if any. You acknowledge that a negative balance in your Card Account does not constitute a contractual open end line of credit. If we permit a negative balance on one or more occasions, we do not thereby obligate ourselves to permit a negative balance on any future occasion, and we may refuse to pay a negative balance for you at any time, even though we may have previously paid negative balances up to the $10.00 limit for you. We have no obligation to notify you before we approve or decline a transaction that would result in a negative balance in your Card Account. Items will be approved or declined in the order they are received.

How the Purchase Cushion Works. The Purchase Cushion is a special feature available exclusively to Cardholders who have qualified for an upgrade to the ACE Elite with Direct Deposit Card Accountreceived qualifying direct deposits defined as paychecks or government benefits totaling at least $500.00 within one (1) calendar month. For information about how to qualify for an upgrade to the ACE Elite with Direct Deposit Card Account, please see the section above labeled “How to Qualify for an Upgrade to the ACE Elite with Direct Deposit Card Account.” As described above in the section labeled“Using labeled “Using Your Card and Virtual Account/Limitations,”you Limitations,” you generally do not have the right to make transactions or incur fees in amounts exceeding the available balance of your Card Account. We reserve the right to deny any transaction if available funds in your Card Account are insufficient to cover any transaction, fees, or other charges. However, as a non-contractual courtesy, and in our sole discretion, upon qualifying for an upgrade to the ACE Elite with Direct Deposit Card AccountPurchase Cushion, we may from time-to-time approve purchase transactions that you request that create up to a $10.00 negative balance in your Card Account. We refer to this feature as the Purchase Cushion. You will not be assessed any fees for Purchase Cushion coverage. If you meet our eligibility requirements, we may authorize negative balances resulting from Personal Identification Number (“PIN”)-based PIN-based and signature-based transactions initiated using your Card or Virtual Account. Bill Xxxx pay transactions initiated through the PayAnyone bill xxxx pay service and Account-to-Account Transfers are not eligible for Purchase Cushion coverage, nor are ATM transactions or ACH debit transactions initiated using the Issuer’s routing number and your assigned Card Account number. You may receive only one (1) $10.00 negative balance allowance at a time. Negative balances are approved at our discretion on a per transaction basis. It is important to keep track of the value in your Card Account because it will be your responsibility to determine if you have incurred a negative balance. If you make a transaction that creates a negative balance in your Card Account, you agree that within thirty (30) days of its creation you will add sufficient funds to your Card Account to cover the negative balance so that your Card Account has a zero or positive balance, or that you will otherwise immediately pay such an amount to us in full upon demand. If after thirty (30) days you have not added sufficient funds to cover your negative balance, your Card Account will remain open to receive credits and loads, which will automatically be applied to your negative balance before they are available to you; however, you will not be able to make any transactions using your Card or Virtual Account until your Card Account has a positive balance, i.e., sufficient funds to cover the negative balance. If you have not added sufficient funds to your Card Account to cover the negative balance within sixty (60) days of its creationFurther, we will have the right to cancel your Card Account and pursue collection, including the right to collect funds, equal to or less than the negative balance, from any other Card Account(s) you may have with us. In all instances described above, loads to your Card Account may be made via Direct ACH Deposit or any of the other load methods described in this Agreement. Should you voluntarily discontinue use of your Card, you shall remain responsible for the negative balance in your Card Account and agree that any credits or loads made to your Card will be used to offset the value of the negative balance, if any. You acknowledge that a negative balance in your Card Account does not constitute a contractual open end line of credit. If we permit a negative balance on one or more occasions, we do not thereby obligate ourselves to permit a negative balance on any future occasion, and we may refuse to pay a negative balance for you at any time, even though we may have previously paid negative balances up to the $10.00 limit for you. We have no obligation to notify you before we approve or decline a transaction that would result in a negative balance in your Card Account. Items will be approved or declined in the order they are received.

How the Purchase Cushion Works. The Purchase Cushion is a special feature available exclusively to Cardholders who have qualified for an upgrade to the ACE Elite with Direct Deposit Card Accountreceived qualifying direct deposits of paychecks and/or government benefits payments totaling at least $500.00 within one (1) calendar month. For information about how to qualify for an upgrade to the ACE Elite with Direct Deposit Card Account, please see the section above labeled “How to Qualify for an Upgrade to the ACE Elite with Direct Deposit Card Account.” As described above in the section labeled“Using Your Card and Virtual Account/Limitations,”you generally do not have the right to make transactions or incur fees in amounts exceeding the available balance of your Card Account. We reserve the right to deny any transaction if available funds in your Card Account are insufficient to cover any transaction, fees, or other charges. However, as a non-contractual courtesy, and in our sole discretion, upon qualifying for an upgrade to the ACE Elite with Direct Deposit Card AccountPurchase Cushion, we may from time-to-time approve purchase transactions that you request that create up to a $10.00 negative balance in your Card Account. We refer to this feature as the Purchase Cushion. You will not be assessed any fees for Purchase Cushion coverage. If you meet our eligibility requirements, we may authorize negative balances resulting from Personal Identification Number (“PIN”)-based PIN-based and signature-based transactions initiated using your Card or Virtual Account. Bill pay transactions initiated through the PayAnyone our third-party bill pay service providers and Account-to-Account Transfers are not eligible for Purchase Cushion coverage, nor are ATM transactions or ACH debit transactions initiated using the Issuer’s routing number and your assigned Card Account number. You may receive only one (1) $10.00 negative balance allowance at a time. Negative balances are approved at our discretion on a per transaction basis. It is important to keep track of the value in your Card Account because it will be your responsibility to determine if you have incurred a negative balance. If you make a transaction that creates a negative balance in your Card Account, you agree that within thirty (30) days of its creation you will add sufficient funds to your Card Account to cover the negative balance so that your Card Account has a zero or positive balance, or that you will otherwise immediately pay such an amount to us in full upon demand. If after thirty (30) days you have not added sufficient funds to cover your negative balance, your Card Account will remain open to receive credits and loads, which will automatically be applied to your negative balance before they are available to you; however, you will not be able to make any transactions using your Card or Virtual Account until your Card Account has a positive balance, i.e., sufficient funds to cover the negative balance. If you have not added sufficient funds to your Card Account to cover the negative balance within sixty (60) days of its creationFurther, we will have the right to cancel your Card Account and pursue collection, including the right to collect funds, equal to or less than the negative balance, from any other Card Account(s) you may have with us. In all instances described above, loads to your Card Account may be made via Direct Deposit direct deposit or any of the other load methods described in this Agreement. Should you voluntarily discontinue use of your Card, you shall remain responsible for the negative balance in your Card Account and agree that any credits or loads made to your Card will be used to offset the value of the negative balance, if any. You acknowledge that a negative balance in your Card Account does not constitute a contractual open end line of credit. If we permit a negative balance on one or more occasions, we do not thereby obligate ourselves to permit a negative balance on any future occasion, and we may refuse to pay a negative balance for you at any time, even though we may have previously paid negative balances up to the $10.00 limit for you. We have no obligation to notify you before we approve or decline a transaction that would result in a negative balance in your Card Account. Items will be approved or declined in the order they are received.

How the Purchase Cushion Works. The Purchase Cushion is a special feature available exclusively to Cardholders who have qualified for an upgrade to the ACE Elite with Direct Deposit Card Accountreceived qualifying direct deposits defined as paychecks or government benefits totaling at least $500.00 within one (1) calendar month. For information about how to qualify for an upgrade to the ACE Elite with Direct Deposit Card Account, please see the section above labeled “How to Qualify for an Upgrade to the ACE Elite with Direct Deposit Card Account.” As described above in the section labeled“Using labeled “Using Your Card and Virtual Account/Limitations,”you Account/ Limitations,” you generally do not have the right to make transactions or incur fees in amounts exceeding the available balance of your Card Account. We reserve the right to deny any transaction if available funds in your Card Account are insufficient to cover any transaction, fees, or other charges. However, as a non-contractual courtesy, and in our sole discretion, upon qualifying for an upgrade to the ACE Elite with Direct Deposit Card AccountPurchase Cushion, we may from time-to-time approve purchase transactions that you request that create up to a $10.00 negative balance in your Card Account. We refer to this feature as the Purchase Cushion. You will not be assessed any fees for Purchase Cushion coverage. If you meet our eligibility requirements, we may authorize negative balances resulting from Personal Identification Number (“PIN”)-based PIN-based and signature-based transactions initiated using your Card or Virtual Account. Bill Xxxx pay transactions initiated through the PayAnyone bill our third party xxxx pay service providers and Account-to-Account Transfers are not eligible for Purchase Cushion coverage, nor are ATM transactions or ACH debit transactions initiated using the Issuer’s routing number and your assigned Card Account number. You may receive only one (1) $10.00 negative balance allowance at a time. Negative balances are approved at our discretion on a per transaction basis. It is important to keep track of the value in your Card Account because it will be your responsibility to determine if you have incurred a negative balance. If you make a transaction that creates a negative balance in your Card Account, you agree that within thirty (30) days of its creation you will add sufficient funds to your Card Account to cover the negative balance so that your Card Account has a zero or positive balance, or that you will otherwise immediately pay such an amount to us in full upon demand. If after thirty (30) days you have not added sufficient funds to cover your negative balance, your Card Account will remain open to receive credits and loads, which will automatically be applied to your negative balance before they are available to you; however, you will not be able to make any transactions using your Card or Virtual Account until your Card Account has a positive balance, i.e., sufficient funds to cover the negative balance. If you have not added sufficient funds to your Card Account to cover the negative balance within sixty (60) days of its creationFurther, we will have the right to cancel your Card Account and pursue collection, including the right to collect funds, equal to or less than the negative balance, from any other Card Account(s) you may have with us. In all instances described above, loads to your Card Account may be made via Direct ACH Deposit or any of the other load methods described in this Agreement. Should you voluntarily discontinue use of your Card, you shall remain responsible for the negative balance in your Card Account and agree that any credits or loads made to your Card will be used to offset the value of the negative balance, if any. You acknowledge that a negative balance in your Card Account does not constitute a contractual open end line of credit. If we permit a negative balance on one or more occasions, we do not thereby obligate ourselves to permit a negative balance on any future occasion, and we may refuse to pay a negative balance for you at any time, even though we may have previously paid negative balances up to the $10.00 limit for you. We have no obligation to notify you before we approve or decline a transaction that would result in a negative balance in your Card Account. Items will be approved or declined in the order they are received. Your assigned Account Number and the Bank’s routing number can be used for arranging both direct deposits and recurring payments to merchants. You may also arrange for recurring payments to merchants using your Card Number or the xxxx pay services made available through our third-party service providers. If you have arranged to have ACH Deposits made to your Card Account at least once every sixty (60) days from the same person or company, you can call us at 0-000-000-0000 to find out whether or not the deposit has been made. There is a fee when calling the telephone automated service or speaking with a Customer Service agent for the sole purpose of making a balance inquiry. See the Fee Schedule for more information about the fee.