Common use of Your Credit Limit Clause in Contracts

Your Credit Limit. Your credit limit is shown on each of your billing statements. You agree not to use your account in any way that will cause your balance to go over your limit. If you do, we may at our option, close your account, and/or exercise any of our other remedies under this Agreement or at law. You must pay the full amount of your balance which is over the credit limit. The fact that we do not ask you for that amount as part of the Minimum Payment shown on your billing statement does not relieve you of your obligation to pay it immediately. We will not authorize any new Credit Purchases or Cash Advances if our records show that doing so will cause your balance to go over your credit limit. If we do authorize any such Purchase or Cash Advance, such authorization will not result in any waiver of our rights under this section. If we increase your credit limit, we will notify you.

Appears in 3 contracts

Samples: Cardholder Agreement, www.banktoledo.com, Cardholder Agreement

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Your Credit Limit. Your credit limit is shown on each of your billing statements. You agree not to use your account in any way that will cause your balance to go over your limit. If you do, we may at our option, close your account, and/or exercise any of our other remedies under this Agreement or at law. You must pay the full amount of your balance which is over the credit limit. The fact that we do not ask you for that amount as part of the Minimum Payment shown on your billing statement does not relieve you of your obligation to pay it immediately. We will not authorize any new Credit Purchases or Cash Advances if our records show that doing so will cause your balance to go over your credit limit. If we do authorize any such Purchase Credit Purchases or Cash AdvanceAdvances, such authorization will not result in any waiver of our rights under this section. If we increase your credit limit, we will notify you.

Appears in 2 contracts

Samples: nufcu.org, nufcu.org

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Your Credit Limit. Over Limit. Your credit limit is shown on each of your billing statements. You agree not to use your account in any way that will cause your balance to go over your limit. If you do, we may at our option, close your account, and/or and/ or exercise any of our other remedies under this Agreement or at law. You must pay the full amount of your balance which is over the credit limit. The fact that we do not ask you for that amount We may include the balance over the limit as part of the Minimum Payment your minimum payment shown on your billing statement does not relieve you of your obligation to pay it immediatelystatement. We will not authorize any new Credit Purchases or Cash Advances if our records show that doing so will cause your balance to go over your credit limit. If we do authorize any such Credit Purchase or Cash Advance, such authorization will not result in any waiver of our rights under this section. If we increase your credit limit, limit we will notify you.

Appears in 2 contracts

Samples: Cardholder Agreement, Cardholder Agreement

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