Rebate Percentages. A rebate year is January 1st - December 31st. For each rebate year, you will receive a rebate of: ● 2% on your first $50,000 (1% thereafter) of eligible purchases. Eligible Purchases Eligible purchases are purchases for goods and services minus returns and other credits. Eligible purchases do NOT include: fees or interest charges, purchases of traveler's checks, purchases or reloading of prepaid cards, purchases of any cash equivalents, or person- to-person transactions. Additional terms and restrictions apply. How you will get your rebate You will receive your rebate as a statement credit. The rebate will appear by the second billing statement after the billing statement on which the eligible purchases appear. When you will forfeit your rebate Other things you should know about this program If the Minimum Payment Due is not paid by the Payment Due Date shown on the statement for that billing period in which it is due, you will forfeit the rebate received during that billing period. You may forfeit some or all of the rebate you have received for items that are not purchased for use or consumption by the Company in its ordinary course of business. We may change the terms of this program at our discretion. If you violate or abuse this program, you may forfeit the rebate. You will forfeit your rebate if your Card Account is cancelled before we issue the credit. If there is a dispute with any of your eligible purchases, the amount of that eligible purchase will not count toward your rebate until the dispute is resolved. If a credit to your Card Account places your annual eligible purchases in a negative status, the rebate on your billing statement will show a zero balance. The statement will show a zero balance until you accumulate eligible purchases equal to the negative balance. FDR 1122719 Cardmember Agreement: Part 2 of 2 Doc ID 28202 How Your American Express Account Works
Rebate Percentages. For purposes of this Section 7.8, the amount as to which the aggregate Fees otherwise due GED for a particular Rebate Period exceed the minimum amount applicable to the same Rebate Period shall be referred to as the ‘‘Excess Fees” and the rebate percentage applicable to each Rebate Period shall be determined as follows:
