Common use of Card Limitations Clause in Contracts

Card Limitations. Regular pre-authorized debit (PAD) transactions, when you authorize a company or organization to withdraw funds from the Card are not permitted. You do not have the right to stop payment on any purchase transaction originated by use of your Card. If you authorize a transaction and then fail to make a purchase of that item as planned, the approval may result in a hold for that amount of funds for up to thirty (30) days or more. We reserve the right, in our sole discretion, to limit the amount, number or type of transactions you can make on your Card and any funding or reload of your Card. Each time you use your Card, you authorize us to reduce the value available in your Card Account by the amount of the transaction and any applicable fees. You are not allowed to exceed the available amount in your Account through an individual transaction or a series of transactions made with your Card. Nevertheless, if a transaction exceeds the balance of the funds available in your Account, you shall remain fully liable to us for the amount of the transaction. Your Card cannot be redeemed for cash except where required by law. You cannot use your Card to obtain cash from an Automated Teller Machine (“ATM”), POS device, or by any other means. You may not use your Card at an ATM. You may not use your Card for any illegal transactions, use at casinos, and any illegal activity. Any purchases made with the Card must be in U.S. currency.