Common use of Effect of Closing an Account Clause in Contracts

Effect of Closing an Account. If the account is closed before or on the last day of a monthly statement cycle, accrued miles for that period will be paid. If the account is closed on or before the date on which any Bonus Miles offer is to be awarded, the Mile Earned for that Bonus Miles offer will not be paid. Accrual of Awards on Non-Cash Deposits: Mileage Awards begin to accrue no later than the Business Day we receive credit for the deposit of non-cash items (for example, checks).

Appears in 2 contracts

Sources: Account Agreement, Account Agreement