Recurring Preauthorized Transactions. Recurring preauthorized transactions occur when you authorize a merchant to automatically initiate a transaction using your credit card on a recurring basis. If we issue a new Card with a different number or expiration date to you, we may (but are not obligated to) provide your new card number and expiration date to a merchant with whom you have set up a recurring preauthorized transaction in order to continue your recurring preauthorized transactions. There will be circumstances where you will have to contact the merchant.
Recurring Preauthorized Transactions. Recurring preauthorized transactions occur when you authorize a merchant to automatically initiate a transaction using your Account on a recurring basis. If we issue a new credit card with a different number or expiration date to you, we may (but are not obligated to) provide your new card number and expiration date to a merchant with whom you have set up a recurring preauthorized transaction in order to continue your recurring preauthorized transactions. There will be circumstances in which you will need to contact the merchant. Interest Interest rates This section provides the interest rates, also referred to as corresponding Annual Percentage Rates (“APRs”), which are applicable to your Account. If a rate is a variable rate, we calculate that APR by adding together an index and a margin. For more information on variable rates, please refer to the “Variable Interest Rates” section of this Agreement below. How Interest Is Calculated We use the following methods to calculate interest on your Account: Cash Advances – Average Daily Balance (including current Cash Advances). The interest charge on Advances begins from the date you obtain the Advance, or the first day of the billing cycle in which it is posted to your account, whichever is later. There is no grace period provided for current cycle Advances. Balance Transfers – Average Daily Balance (including current Balance Transfers). The interest charge on Balance Transfers begins from the date you obtain the Balance Transfer, or the first day of the billing cycle in which it is posted to your account, whichever is later. There is no grace period provided for current cycle Balance Transfers. Retail/Purchases – Average Daily Balances (excluding current Purchases). To avoid incurring interest on the balance of Purchases reflected on your monthly statement, you must pay the “New Balance” shown on your monthly statements on or before the Payment Due Date. The grace period for the New Balance of Purchases extends to the Payment Due Date. The interest charges for a billing cycle are computed by dividing the Annual Percentage Rate (“APR”) by 12 and applying that periodic rate to the “average daily balance” on your account. To get the average daily balance, we take the beginning balance of your Account each day, add any new Advances and Balance Transfers, and subtract any unpaid interest or other finance charges and payments or credits. We do not add in any new Purchases. This gives us the daily balance. Then we ad...
Recurring Preauthorized Transactions. Recurring preauthorized transactions occur when you authorize a merchant to automatically initiate a transaction using your account on a recurring basis. If we issue a new credit card with a different number or expiration date to you, we may (but are not obligated) to provide your new card number and expiration date to a merchant with whom you have set up a recurring preauthorized transaction in order to continue your recurring preauthorized transactions. There will be circumstances where you will have to contact the merchant. You may notify Citizens & Northern Bank at 1-877-838-2517 if you would like to opt-out of this service. Account Statements We will send monthly Account statements detailing Account activity and the Borrower may select either the Individual Billing method or the Consolidated Billing Method.
Recurring Preauthorized Transactions. Recurring preauthorized transactions occur when you authorize a merchant to automatically initiate a transaction using your Account on a recurring basis. If we issue a new Cardwith a different number or expiration date to you, we may (but are not obligated to) provide your new card number and expiration date to a merchant with whom you have set up a recurring preauthorized transaction in order to continue your recurring preauthorized transactions. Bysigning this Agreement, you authorize us to provide your new card number and expiration date to such merchants. Synovus updates the merchants through Visa using the Visa Account Updater Service. Merchants use the Visa Account Updater Service which allows them to automatically receive new credit card number and expiration date associated with your Account, however, not all merchants subscribe to this service. There will be circumstances where you will instead have to contact the merchant to provide updated card information. Synovus shall not be responsible for any failed recurring preauthorized transactions with merchants after a new Card is provided, so be sure to confirm your card information with merchants with which you have recurring preauthorized transactions set up.
Recurring Preauthorized Transactions. Recurring preauthorized transactions occur when you authorize a merchant to automatically initiate a transaction using your Card information on a recurring basis. If we issue a new credit card with a different number or expiration date to you, VACU may (but are not obligated to) provide your new card number and expiration date to a merchant with whom you have set up a recurring preauthorized transaction. This is done to ensure that your recurring preauthorized transactions continue without interruption. There will be situations where you will have to contact the merchant directly to update the card information.
Recurring Preauthorized Transactions. Recurring preauthorized transactions occur when Holder authorizes a merchant to automatically initiate a transaction using the account on a recurring basis. If Issuer issues a new credit card with a different number or expiration date to Holder, Issuer may (but are not obligated to) provide the new card number and expiration date to a merchant with whom Holder has set up a recurring preauthorized transaction in order to continue the recurring preauthorized transactions. There will be circumstances where Holder will have to contact the merchant.
