Common use of QUALIFYING PURCHASES Clause in Contracts

QUALIFYING PURCHASES. Only authorized charges for the purchase of goods or services made with your Cash Back Rewards Account, less any credits for charge reversals or other refunds (“Qualifying Purchases”) will earn cash back rewards. Qualifying Purchases do not include cash advances, balance transfers, convenience checks, payments made for stored value cards such as gift cards and similar cards, wire transfers, money transfers, travelers checks and similar products that may be converted to cash such as money orders and certified checks charged to your Account, all incidental charges and fees charged by us (for example: voluntary payment protection costs, finance charges, returned check fees, service charges, over-limit fees, and ATM fees), or purchases made when your Account is not in good standing. We reserve the right to determine in our sole discretion whether a particular transaction is a Qualifying Purchase or to include or exclude other charges from the definition of Qualifying Purchases. Your cash back rewards balance may be reduced by any returns, credits or other refunds, charge reversals, chargebacks or other disputes, and a negative balance may result if such reductions for a particular billing cycle exceed cash back rewards for purchases of goods and services. BECU or its agents, at their sole discretion, may pursue collection efforts in order to recover any unresolved negative balance owed to BECU, including, but not limited to, negative reporting about your account to credit bureaus. Any fees incurred by BECU or its agents for collection services will be your sole responsibility.