Common use of Points for Credit Clause in Contracts

Points for Credit. A Primary Scene+ Scotiabank Cardmember or Co-Borrower can redeem Scene+ Points online through the Program Site for a credit that will be applied to the Program Card Account, or through such other method as may be permitted, or we may from time to time send a Primary Cardmember or Co-Borrower an offer to redeem Scene+ Points for a credit. These types of redemptions are called “Points for Credit.” Your Program Card Account must be open at the time the credit is applied to the Program Card Account to receive any Points for Credit. The amount of your Points for Credit will be applied to your Program Card Account within 5 business days following a request to redeem Scene+ Points for a credit. Once the request to redeem Points for Credit has been submitted, you cannot cancel the request and no changes can be made. The credit will be applied towards the balance of the Program Card Account not towards a particular transaction. Please note that even if you redeem for Points for Credit you are still responsible for making the monthly minimum payment on your Program Card Account by your payment due date. For additional information and instructions on how to redeem Points for Credit, including if any minimum redemption amounts are required, please visit the Program Site. 2. Adding a Delegate: A Primary Scene+ Cardmember or Co-Borrower may delegate a representative to redeem Scene+ Points on their behalf. Such delegations may subject to terms and conditions and other documentation to be completed. For details call 0-000-000-0000. Transferring Scene+ Points Scene+ Points Transfer on Death or Separation/Divorce or Change in Business Ownership or Legal Structure Upon the death of a Primary Scene+ Cardmember or death of a Co-Borrower (each Cardmembers) see the Scene+ Program Terms and Conditions for how heirs or any other representatives may access Scene+ Points in the Scene+ Account of the deceased Primary Scene+ Cardmember or Co-Borrower Cardmember, as the case may be, or other terms and conditions that apply to the deceased Cardmember’s Scene+ Account. In the case of a joint Program Card Account, upon the death of the Primary Scene+ Scotiabank Cardmember and verification by Scotiabank, the surviving Co-Borrower Cardmember may request that Scotiabank transfer their Scene+ Points to a new Program Card Account in their name as the Primary Scene+ Scotiabank Cardmember, provided the existing joint Program Card Account is in Good Standing and thereafter the Scene+ Account of that Co-Borrower Cardmember will be associated with that replacement Program Card Account. That Co-Borrower Cardmember will be the Primary Scene+ Scotiabank Cardmember and all terms and conditions that apply to a Primary Scene-Scotiabank Cardmember under these Additional Terms and Conditions for Scotiabank American Express Cardmembers will apply to the replacement Program Card Account including how Scene+ Points are earned on that replacement Program Card Account. Scene+ Points earned on a Program Card cannot be transferred or otherwise divided in the event of separation or divorce, unless permitted by Scotiabank (or in the case of the Scene+ Account permitted by Scene LP). In the event that a change in legal structure (e.g., sole proprietor to incorporated) or changes in ownership of a business occurs, an individual owner(s) for the Program Card Account may be allowed by Scotiabank to transfer Scene+ Points from one Program Card Account to a replacement Program Card Account that earns Scene+ Points.

Points for Credit. A Primary Scene+ Scotiabank Cardmember or Co-Borrower can redeem Scene+ Points online through the Program Site for a credit that will be applied to the Program Card Account, or through such other method as may be permitted, or we may from time to time send a Primary Cardmember or Co-Borrower an offer to redeem Scene+ Points for a credit. These types of redemptions are called “Points for Credit.” Your Program Card Account must be open at the time the credit is applied to the Program Card Account to receive any Points for Credit. . The amount of your Points for Credit will be applied to your Program Card Account within 5 business days following a request to redeem Scene+ Points for a credit. Once the request to redeem Points for Credit has been submitted, you cannot cancel the request and no changes can be made. The credit will be applied towards the balance of the Program Card Account not towards a particular transaction. Please note that even if you redeem for Points for Credit you are still responsible for making the monthly minimum payment on your Program Card Account by your payment due date. For additional information and instructions on how to redeem Points for Credit, including if any minimum redemption amounts are required, please visit the Program Site. 2. Adding a Delegate: A Primary Scene+ Cardmember or Co-Borrower may delegate a representative to redeem Scene+ Points on their behalf. Such delegations may subject to terms and conditions and other documentation to be completed. For details call 0-000-000-0000. Transferring Scene+ Points Scene+ Points Transfer on Death or Separation/Divorce or Change in Business Ownership or Legal Structure Upon the death of a Primary Scene+ Cardmember or death of a Co-Borrower (each Cardmembers) see the Scene+ Program Terms and Conditions for how heirs or any other representatives may access Scene+ Points in the Scene+ Account of the deceased Primary Scene+ Cardmember or Co-Borrower Cardmember, as the case may be, or other terms and conditions that apply to the deceased Cardmember’s Scene+ Account. In the case of a joint Program Card Account, upon the death of the Primary Scene+ Scotiabank Cardmember and verification by Scotiabank, the surviving Co-Borrower Cardmember may request that Scotiabank transfer their Scene+ Points to a new Program Card Account in their name as the Primary Scene+ Scotiabank Cardmember, provided the existing joint Program Card Account is in Good Standing and thereafter the Scene+ Account of that Co-Borrower Cardmember will be associated with that replacement Program Card Account. That Co-Borrower Cardmember will be the Primary Scene+ Scotiabank Cardmember and all terms and conditions that apply to a Primary Scene-Scotiabank Cardmember under these Additional Terms and Conditions for Scotiabank American Express Cardmembers will apply to the replacement Program Card Account including how Scene+ Points are earned on that replacement Program Card Account. Scene+ Points earned on a Program Card cannot be transferred or otherwise divided in the event of separation or divorce, unless permitted by Scotiabank (or in the case of the Scene+ Account permitted by Scene LP). In the event that a change in legal structure (e.g., sole proprietor to incorporated) or changes in ownership of a business occurs, an individual owner(s) for the Program Card Account may be allowed by Scotiabank to transfer Scene+ Points from one Program Card Account to a replacement Program Card Account that earns Scene+ Points.