Common use of Points Accruals Clause in Contracts

Points Accruals. 29.4.1 The Bank may vary the maximum Points limit a Customer can earn in any given calendar at any time by giving 30 days ‘notice, at its sole discretion and without incurring any responsibility or liability to cardholders/third parties. 29.4.2 The Points are payable at the sole and absolute discretion of the Bank and cannot be exchanged for cash or used in conjunction with any other points at the time of redemption, unless otherwise specifically notified to the Customer by the Bank. 29.4.3 The Bank reserves the right to change the value of the Points from time to time at its sole and absolute discretion without prior notice to the Customer. 29.4.4 The Customer’s credit card must not be overdue, suspended, blocked, cancelled or terminated by the Bank in order to earn Points or request for redemption of Points. 29.4.5 If the Customer’s credit card is overdue, suspended, blocked, cancelled or terminated for any reason whatsoever, the Points earned shall stand forfeited and may only be reinstated at the sole and absolute discretion of the Bank. 29.4.6 In the event of any reversal of transactions for which the Customer was awarded Points, the Bank shall reverse the Points at the rate at which they were awarded.