Common use of Priority of Funds Clause in Contracts

Priority of Funds. When you use your Card to purchase a qualified item or service, you authorize us to apply available Funds to each transaction in the following priority: your available Benefit funds will be applied first, then any applicable Rewards funds. When your Benefits are expired or have been exhausted, or any time that you are purchasing an item not covered by your Benefits, your Card will next apply any available Rewards to purchase the item, unless the item is otherwise not eligible for purchase under the Rewards program terms.

Appears in 11 contracts

Samples: Cardholder Agreement, Cardholder Agreement, Cardholder Agreement

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