Common use of Applying Payments Clause in Contracts

Applying Payments. Payments will be credited to the Card Account when received and cleared by us. Payments may not automatically adjust the available Credit Limit. This generally occurs within one to three business days following receipt and clearing of payment, depending on how the payment is made. If a payment is received by us after our normal business hours, or on a non-business day, that payment will be treated as if it were received on the next business day. If you choose to pay by Pre-Authorized Bill Payment, you agree that any specific terms that we provide to you at enrollment will apply and form part of this Agreement. Payments will be applied towards the payment of the New Balance on the Card Account (unless you are otherwise notified by us). Payments will be allocated to the different types of Charges on your Card Account in the following order: (a) first to interest and other credit charges; (b) then to any fees, including overlimit fees and Cash Advance fees; (c) then to Balance Transfers; (d) then to Cash Advances; (e) then to Purchases; and (f) then to Promotional Balance Transfers. If you have paid more than your New Balance, we will apply the extra payment to Charges that have not yet appeared on your Statement, but which have been posted to your Card Account, in the same order as described above. If different annual interest rates apply to any of these different types of Charges, payments will be allocated first to the type of Charges with the highest annual interest rate and then to the other types of Charges in descending order based on their annual interest rates (meaning that payments are applied to Charges with the highest interest rate first and Charges with the lowest interest rate last). If you have a credit on your Card Account, that credit will be used towards future Charges posted to the Card Account in the order that they are posted, until the credit is used in full. Payments on an Instalment Plan are only applied to that Instalment Plan and will not be applied to any other Charges posted to your Card Account.

Applying Payments. Payments will be credited to the Card Account when received and cleared by us. Payments may do not automatically adjust the available Business Credit Limit or Card Limit. This generally occurs within one to three business days following receipt and clearing of payment, depending on how the payment is made. If a payment is received by us after our normal business hours, or on a non-business day, that payment will be treated as if it were received on the next business day. If you choose to pay by Pre-Authorized Bill Payment, you agree that any specific terms that we provide to you at enrollment will apply and form part of this Agreement. Payments will be applied towards the payment of the New Balance on the Card Account (unless you are otherwise notified by us). Payments will be allocated to the different types of Charges on your Card Account in the following order: (a) first to interest and other credit charges; (b) then to creditor insurance; c) then to any annual or monthly fees, including overlimit fees, Cash Advance fees and Cash Advance feesany other fees and charges; (cd) then to Balance Transfers; (de) then to other Cash Advances;Advances (including Cheques); and (ef) then to Purchases; and (f) then to Promotional Balance Transfers. If you have paid more than your New Balance, we will apply the extra payment to Charges that have not yet appeared on your Statement, but which have been posted to your Card Account, in the same following order as described above. If different annual interest rates apply (unless you are otherwise notified by us): a) first to Purchases; b) then to any annual or monthly fees, overlimit fees, Cash Advance fees and any other fees and charges; c) then to Balance Transfers; d) then to other Cash Advances (including Cheques); and e) then to disputed items. In each category of these different types of Chargescharges, payments will be allocated first we apply the payment to the type of Charges with the highest annual interest rate and then to the other types of Charges in descending order based on their annual interest rates (meaning that payments are applied to Charges with the highest interest rate first and Charges with transactions bearing the lowest interest rate last)first. If you have a credit on your Card Account, that credit will be used towards future Charges posted to the Card Account in Promotional offers may vary the order that they in which payments are posted, until applied. We may change the credit is used order in full. Payments on an Instalment Plan which payments are only applied to that Instalment Plan and will not be applied to at any other Charges posted to your Card Accounttime without notice.

Applying Payments. Payments will be credited to the Card Account when received and cleared by us. Payments may not automatically adjust the available Credit Limit. This generally occurs within one to three business days following receipt and clearing of payment, depending on how the payment is made. If a payment is received by us after our normal business hours, or on a non-business day, that payment will be treated as if it were received on the next business day. If you choose the Owner or a User chooses to pay by Pre-Authorized Bill Payment, you agree the Owner agrees that any specific terms that we provide to you the Owner or a User at enrollment will apply and form part of this Agreement. Payments will be applied towards the payment of the New Balance on the Card Account (unless you are otherwise notified by us). Payments will be allocated to the different types of Charges on your the Card Account in the following order: (a) first to interest and other credit charges; (b) then to any fees, including overlimit fees and Cash Advance fees; (c) then to Balance Transfers; (d) then to Cash Advances; (e) then to Purchases; and (f) then to Promotional Balance Transfers. If you have paid more than your New Balance, we will apply the extra payment to Charges that have not yet appeared on your the Statement, but which have been posted to your the Card Account, in the same order as described above. If different annual interest rates apply to any of these different types of Charges, payments will be allocated first to the type of Charges with the highest annual interest rate and then to the other types of Charges in descending order based on their annual interest rates (meaning that payments are applied to Charges with the highest interest rate first and Charges with the lowest interest rate last). If you have a credit on your the Card Account, that credit will be used towards future Charges posted to the Card Account in the order that they are posted, until the credit is used in full. Payments on an Instalment Plan are only applied to that Instalment Plan and will not be applied to any other Charges posted to your the Card Account.

Applying Payments. Payments will be credited to the Card Account when received and cleared by us. Payments may not automatically adjust the available Credit Limit. This generally occurs within one to three business days following receipt and clearing of payment, depending on how the payment is made. If a payment is received by us after our normal business hours, or on a non-business day, that payment will be treated as if it were received on the next business day. If you choose to pay by Pre-Authorized Bill Payment, you agree that any specific terms that we provide to you at enrollment will apply and form part of this Agreement. Payments will be applied towards the payment of the New Balance on the Card Account (unless you are otherwise notified by us). Payments will be allocated to the different types of Charges on your Card Account in the following order: (a) first to interest and other credit charges; (b) then to creditor insurance; c) then to any annual or monthly fees, including overlimit fees, Cash Advance fees and Cash Advance any other fees; (cd) then to Balance Transfers; (de) then to Cash AdvancesAdvances (including Cheques); (ef) then to Purchases; and (fg) then to Promotional Balance Transfersdisputed items. If different annual interest rates apply to any of these different types of Charges, payments will be allocated first to the type of Charges with the highest annual interest rate and then to the other types of Charges in descending order based on their annual interest rates (meaning that payments are applied to Charges with the highest interest rate first and Charges with the lowest interest rate last). If you have paid more than your New Balance, we will apply the extra payment to Charges that have not yet appeared on your Statement, but which have been posted to your Card Account, in the same following order as described above(unless you are otherwise notified by us): a) first to Purchases; b) then to Balance Transfers; c) then to other Cash Advances (including Cheques); d) then to disputed items; and e) then to Cash Advance fees and any other fees. If different annual interest rates apply to any of these different types of Charges, payments will be allocated first to the type of Charges with the highest annual interest rate and then to the other types of Charges in descending order based on their annual interest rates (meaning that payments are applied to Charges with the highest interest rate first and Charges with the lowest interest rate last). If you have a credit on your Card Account, that credit will be used towards future Charges posted to the Card Account in the order that they are posted, until the credit is used in full. Payments on an Instalment Plan are only applied to that Instalment Plan and will not be applied to any other Charges posted to your Card Account.

Applying Payments. Payments will be credited to the Card Account when received and cleared by us. Payments may not automatically adjust the available Credit Limit. This generally occurs within one to three business days following receipt and clearing of payment, depending on how the payment is made. If a payment is received by us after our normal business hours, or on a non-business day, that payment will be treated as if it were received on the next business day. If you choose to pay by Pre-Authorized Bill Payment, you agree that any specific terms that we provide to you at enrollment will apply and form part of this Agreement. Payments will be applied towards the payment of the New Balance on the Card Account (unless you are otherwise notified by us). Payments will be allocated to the different types of Charges on your Card Account in the following order: (a) first to interest and other credit charges; (b) then to any annual or monthly fees, including overlimit fees, Cash Advance fees and Cash Advance any other fees; (c) then to Balance Transfers; (d) then to Cash AdvancesAdvances (including Cheques); (e) then to Purchases; and (f) then to Promotional Balance Transfers. If you have paid more than your New Balance, we will apply the extra payment to Charges that have not yet appeared on your Statement, but which have been posted to your Card Account, in the same order as described above. If different annual interest rates apply to any of these different types of Charges, payments will be allocated first to the type of Charges with the highest annual interest rate and then to the other types of Charges in descending order based on their annual interest rates (meaning that payments are applied to Charges with the highest interest rate first and Charges with the lowest interest rate last). If you have a credit on your Card Account, that credit will be used towards future Charges posted to the Card Account in the order that they are posted, until the credit is used in full. Payments on an Instalment Plan are only applied to that Instalment Plan and will not be applied to any other Charges posted to your Card Account.