Special Credit Plan definition

Special Credit Plan means a Card Plan under which interest is either waived or deferred for a period of time after the Card Sale. Payments may or may not be required during the interest deferral or waiver period, and a minimum purchase amount may be required. Special Credit Plans include without limitation those described in Schedule E of this Agreement: "90 Days Same As Cash".

Special Credit Plan means “No Interest for 90 Days”, “No Interest for Six Months” and “No Interest for 12 Months”, and such other credit plans as the parties may offer in the future. Special Credit Plans shall accrue finance charges during the promotional period but the finance charges will not be added to the Cardholder’s Account if the Cardholder pays the full amount of the Special Credit Plan purchase by the end of the promotional period and makes all required payments on the Cardholder’s Account when due. Minimum monthly payments may be required by Bank on all Special Credit Plan purchases starting from the date of purchase. Special Credit Plans shall have other characteristics as described in this Agreement.

Examples of Special Credit Plan in a sentence

• As used in this Agreement, “Promotional Period” means the period beginning on the date a Special Credit Plan begins and ending on that Special Credit Plan’s expiration date.Under the Regular Revolving Credit Plan, Credit Charges will be charged on the purchase from the date the Credit Plan begins, and minimum payments will be due each billing cycle.

• If the minimum payment is not made when due or if a balance remains after the Promotional Period expires, Credit Charges will be assessed at the AIR as shown in the Information Box.Unless provided otherwise in this Agreement, beginning the day after the expiration date of the Promotional Period of a Special Credit Plan and until that Special Credit Plan is paid in full, that Special Credit Plan shall be subject to the terms of the Regular Revolving Credit Plan.

• At least one month prior to the annual meeting of the Region, or from time to time as may be needed, the RC shall appoint a nominating committee of not less than three individuals, consisting of Regional Board Members, one of whom shall serve as the Chair of the committee, and a reasonable number of Participating Members, who are not Members of the Regional Board.

• However, an expired Special Credit Plan that is not paid in full will continue to be considered a separate Credit Plan apart from other Credit Plans and will be shown as such on your statement of Account.

• We will identify the expiration date of a Special Credit Plan on your statement of Account until it is paid in full.

• Your sales slip or other documentation provided by theRetailer (as defined in Section 13) will show the Credit Plan for each purchase from the Retailer charged to your Account,and in the case of a Special Credit Plan, the length or expiration date of the Special Credit Plan.