Overlimit Coverage. Unless you tell us otherwise, we will decline any transaction that causes you to go over your credit limit. If you want us to authorize these transactions, you can request Overlimit Coverage. Even if you request Overlimit Coverage, in some cases we may still decline a transaction that would cause you to go over your limit, such as if you are past due or significantly over your credit limit.
Overlimit Coverage. Unless you tell us otherwise, we will decline any transaction that causes you to go over your credit limit. If you want us to authorize these transactions, you can request Overlimit Coverage. Even if you request Overlimit Coverage, in some cases we may still decline a transaction that would cause you to go over your limit, such as if you are past due or significantly over your credit limit. Security Interest in Collateral Account. This is a secured credit card account. In consideration of the issuance of this secured credit card account, you have authorized First Commonwealth Bank to open a deposit account (the "Collateral Account") in your name. To secure all of your obligations arising under this credit card account, you assign, transfer, pledge, grant a security interest in, and set over to us all rights, title and interest in the Collateral Account and in all renewals, additions and proceeds of the Collateral Account. You agree that this security interest, pledge, and assignment includes and gives us the right to redeem, collect and withdraw any part or the full amount of the Collateral Account upon any default under the secured credit card agreement or in the event your secured credit card account is terminated for any reason. You acknowledge and agree that this security interest, pledge, and assignment means that we have exclusive control over the Collateral Account. You may not grant a security interest, pledge or assign the Collateral Account to secure any other loans. You may not withdraw from the Collateral Account while it secures your credit card if the withdrawal would reduce the available balance to an amount less than the credit limit on your credit card account. This security interest, pledge, and assignment is given as security for any and all amounts you may owe, including but not limited to interest, fees and charges which may accrue under your secured credit card account. You agree that if the secured credit card account is closed for any reason, we may hold the funds in the Collateral Account for up to 60 days and apply those funds to pay off any balance on the credit card account.
