Your Available Credit Sample Clauses
The 'Your Available Credit' clause defines the amount of credit a customer can access at any given time under a credit agreement. It typically outlines how the available credit is calculated, taking into account outstanding balances, pending transactions, and any applicable credit limits. For example, if a customer has a $5,000 credit limit and has already spent $1,000, their available credit would be $4,000, minus any pending charges. This clause ensures that both the lender and the borrower are clear on how much credit remains accessible, helping to prevent overspending and manage financial risk.
Your Available Credit. 8.1. We will informyou of your initial Credit Limit in your Welcome Kitand your current Credit Limit will be indicated on each statement.
8.2. We determine your available credit by deducting the amount youowe us (including transactionsthatwe haveauthorized butnotyetposted to your account) fromyour Credit Limit. We may set a separate cash limit for cash related activities on your account(such as Cash Advances,BalanceTransfersand ConvenienceCheques),which will also be set out in your Welcome Kit and on each statement.
8.3. Although we establish a Credit Limit, we may, from time to time and at our discretion, approve charges that cause your Balance to exceed the Credit Limit, if your Balance exceeds the Credit Limit, it does not constitute an increase to the Credit Limit. We may decrease your Credit Limit at any time without notice or consent. We may at our discretion increase your Credit Limit if you provide your consent to do so.
8.4. You are required to repay all amounts charged to your account, regardless of whether you have exceeded your Credit Limit. You agree to pay any amounts that exceed your Credit Limit immediately on us advising you that you have exceeded your Credit Limit. If your Balance exceeds your Credit Limit at any time during your billing period, we may charge you the applicable Over Credit Limit Fee as set out in the Disclosure Statement
Your Available Credit. The available credit in your account will be less than your Total Credit Line or your Cash Credit Line based upon activity in the Account such as Purchases, Cash Advances, interest charges, fees, any other transactions. • We do not limit the number of Cash Advances you may take on any given day. • Any credits to the Account such as payments will increase the available credit in the Account. • We may change your credit line from time to time. We base that decision on a variety of factors such as your payment and transaction history with us, and information we receive from third parties, including credit reporting agencies. • The amounts shown on your monthly statement as available credit do not take into account Purchases, Cash Advances, interest charges, fees, any other transactions, or credits which post to your Account after the Closing Date of that monthly statement. The total outstanding balance on your Account plus authorizations at any time must not be more than your Total Credit Line. The total outstanding balance of your Cash Advances (plus authorizations) must not be more than your Cash Credit Line. Each time you attempt a transaction which results in your applicable outstanding balance (plus authorizations) exceeding a credit line, we may:
Your Available Credit. 8.1. We will informyou of your initial Credit Limit in your Welcome Kitand your current Credit Limit will be indicated on each statement.
8.2. We determine your available credit by deducting the amount youowe us (including transactionsthatwe have authorizedbut notyet posted to your account) fromyour Credit Limit. We may set a separate cash limit for cash related activities on your account(such as CashAdvances,BalanceTransfers and Convenience Cheques),which will also be set out in your Welcome Kit and on each statement.
8.3. Effective prior to October 19, 2021. Effective October 19, 2021.
8.4. Youare required to repayallamountscharged to youraccount,regardless of whether you have exceeded your Credit Limit. You agree to pay any amounts that exceed your Credit Limit immediately on us advising you that you have exceeded your Credit Limit. If yourBalanceexceedsyourCreditLimit at theend of a billingperiod, we maycharge you the applicable Over Credit Limit Fee as set out in the Disclosure Statement.
Your Available Credit. 8.1. We will informyou of your initial Credit Limit in your Welcome Kitand your current Credit Limit will be indicated on each statement.
8.2. We determine your available credit by deducting the amount you owe us (including transactionsthatwe have authorizedbut notyet posted to your account) fromyour Credit Limit. We may set a separate cash limit for cash related activities on your account(such as CashAdvances,BalanceTransfers and Convenience Cheques),which will also be set out in your Welcome Kit and on each statement.
8.3. Although we establish a Credit Limit, we may, from time to time and at our discretion, approve charges that cause your Balance to exceed the Credit Limit, if your Balance exceeds the Credit Limit, it does not constitute an increase to the Credit Limit. We may decrease your Credit Limit at any time without notice or consent. We may at our discretion increase your Credit Limit if you provide your consent to do so.
8.4. Effective prior to May 1, 2023 Effective May 1, 2023
Your Available Credit. 8.1. We will inform you of your initial Credit Limit and how much of your Credit Limit can be applied to Cash Advances in your Commitment Agreement. Your current Credit Limit and cash limit will be indicated on each statement.
8.2. We determine your available credit by deducting the amount you owe us (including transactions that we have authorized but not yet posted to your Account) from your Credit Limit.
8.3. If you have provided your consent, we may increase your Credit Limit from time to time, at our discretion. We may decrease your Credit Limit in accordance with applicable law.
8.4. Although we establish a Credit Limit, we may, from time to time and at our discretion, approve
8.5. You are required to repay all amounts charged to your Account, regardless of whether we have allowed you to exceed your Credit Limit. You agree to pay any amounts that exceed your Credit Limit immediately on us advising you that you have exceeded your Credit Limit. If your Balance exceeds your Credit Limit at the end of a billing period, we may charge you the applicable Over Limit Fee as set out in the Disclosure Statement.