Cash Rewards2U^TM Terms and Conditions

General

1. “Cardholder” (also referred to as “you”) means an individual that has requested and/or received a Neches Federal Credit Union Platinum Credit Card (also referred to as a “Card”). By participating in this Program, you (as a Cardholder) agree to these Terms and Conditions and any changes, additions, or deletions to them. Neches Federal Credit Union (also referred to as the “Credit Union”,  “us” or “we”) issues and administers all Cards.

1. TNB Card Services provides credit card services for us and is the third party service provider of this Program working on our behalf. These Terms and Conditions and your participation in the Program are also subject to other agreements you may have with us (for example, Cardholder agreements). To the extent these Terms and Conditions do not agree with any other applicable agreements you have with us, these Terms and Conditions will control.

1. You (and any other beneficiary of the Program) agree that we will not be liable for, and you release, discharge, and hold us, or anyone acting on our behalf, harmless from any and all claims of any sort, type, kind, or nature that you may have against us, arising out of or in any way relating to your participation in the Program or its rewards – including (but not limited to) claims for or due to personal injury, property damage, accident, sickness, delay, cancellation, postponement, inconvenience, penalty, refund, or other irregularities that may occur or that may be caused by any provider of services or rewards or any person not under our direct supervision and control.

1. This Program is void where prohibited by federal, state, or local law. We reserve the right to interpret program rules and policies and will be the final authority on credit card account credits and qualifications. We will not be responsible for errors or omissions in any Program document. We reserve the right to alter, change, or terminate the Rewards2U® Program at any time with or without notice. We also reserve the right to disqualify Cardholders who violate the program rules.

1. Determination and payment of a tax liability on Cash Rewards2U is the responsibility of the Cardholder.

1. Any benefit from other Rewards2U accounts cannot be transferred or combined. Rewards2U credits are not transferable to other frequent traveler or merchandise programs.

Earning Accumulated Cash Rewards2U

1. Accrual for Cash Rewards2U will begin on the first day of the billing cycle that includes the date the Cardholder is enrolled in the Program. No retroactive Cash will be awarded.

1. Cash Rewards2U accrues from the January billing statement through the December billing statement for the dates the Cardholder is enrolled in the Program at the following rates: .25% for the first $1 to $5,000 in purchases, .50% for purchases between $5,001 to $10,000, and 1.00% for purchases $10,001 and greater.  Cash Rewards2U will be earned on annual net purchases made with participating Card (not including cash advances, balance transfers and convenience checks). Cash Rewards2U is not earned for fees of any kind, such as finance charges, late payment fees or over-the-limit fees.  Cards and related accounts may be subject to fees and charges in accordance with the applicable Cardholder agreements and fee schedules.

1. Cash Rewards2U is limited to a $600.00 maximum payout in a calendar year. Cash Rewards2U will only be credited in amounts greater than or equal to $5.00. Cardholders have no claim to rewards less than $5.00. Rewards credits $5.00 or less will be forfeited and accumulations start over each January.

1. The amount of accumulated Cash Rewards2U on your Card may appear as a statement message on your monthly credit card statement.

1. Neither we, nor our service providers, are responsible for inaccuracies in Cash Rewards2U accrual due to computer error, late or incorrect data submissions or any loss incurred that may arise in connection with the use of these services. Neither we, nor our service providers, are responsible for the performance by any merchant, service provider, or common carrier.

Paying out Accumulated Cash Rewards2U

1. Cash Rewards2U will be posted to your participating credit card account as a credit in the month of January if you are eligible.

1. Cash Rewards2U earned will only be credited for accounts that are open and in good standing (not past due, fraudulent, overlimit, restricted or part of any bankruptcy settlement).

1. If your account has any status that means your card usage privileges have been revoked, you will forfeit your Cash Rewards2U automatically and permanently. 

1. If your account is over its credit limit by more than 15%, the Cash Rewards2U calculation and distribution will be suspended.  Your Cash Rewards2U accumulation is held for future distribution if your account is brought back to good standing. If overlimit at distribution, the accumulation will be forfeited.

1. If your account is delinquent 2 or more cycles, the Cash Rewards2U calculation will be suspended.  Your Cash Rewards2U accumulation is forfeited.  If your account is brought back to good standing, you will be able to begin to accrue Cash Rewards2U again.

1. If your account is closed, for a reason other than the Card has been lost or stolen, all Cash Rewards2U will be forfeited permanently.

Related Links

• Credit Card Payoff Calculator
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