Common use of Periodic Billing Statements Clause in Contracts

Periodic Billing Statements. My Card or other Account activity will be reflected on the periodic billing statement. My periodic statement will identify the merchant, electronic terminal, or financial institution at which transactions were made, but sales, Cash Advance, credit, or other slips cannot be returned with the periodic statement. I will retain the copy of such slips furnished to me at the time of the transaction in order to reconcile my periodic statement. AUTHORIZATIONS: Most transactions require approval of funds. Approvals result in placing a hold against my Credit Limit. You may limit the number or amount of approvals or Purchases and Advances per day or deny transactions when you detect unusual or suspicious activity, even if I have sufficient credit available. You are not liable for failing to approve any transaction and you may, although you are not required to, approve transactions above my available Credit Limit. PLAN MERCHANT DISPUTES: You are not responsible for the refusal of any plan merchant or financial institution to honor the Account and/ or Card. You are subject to claims and defenses (other than tort claims) arising out of goods or services I purchase with the Card only if I have made a good faith attempt but have been unable to obtain satisfaction from the plan merchant, and (a) my purchase was made in response to an advertisement you sent or participated in sending me; or (b) my purchase cost more than $50 and was made from a plan merchant in my state or within 100 miles of my current mailing address. Any other dispute I must resolve directly with the plan merchant. If I dispute a charge with a merchant, you may, in your discretion, credit my Account for all or part of the disputed charge. If you do so, I assign and transfer to you all rights and claims (excluding tort claims) against the merchant. I agree that I will not pursue any claim against the merchant for the credited amount, and I must cooperate with you if you decide to do so.