You are responsible for keeping track of any applicable Credit Limits and the related Available Credit. You may request an increase in your Credit Limit by calling us at (888) 533-5576 or through the Bilt App. You agree we may obtain a current credit bureau report or ask you about your current financial situation when determining whether to increase your Credit Limit. When you make a payment under the Account, we may defer adjusting the amount of Available Credit until we confirm that the payment has been made with good funds.
If you make a transaction that would cause you to exceed your Credit Limit, we may (a) allow the transaction without increasing your Credit Limit; (b) allow the transaction without increasing your Credit Limit and treat that amount as immediately due, or (c) refuse the transaction. If the transaction is refused, we may notify the person who attempted the transaction that it has been refused. If we permit a transaction that causes an over-limit condition, it does not mean that we will do so again in the future. You will pay any amount(s) which exceeds your Credit Limit, upon demand. If any part of our processing system is not working, we may not be able to permit a transaction, even if you have sufficient Available Credit for transactions. We will not be liable to you if this happens.
Illegal Activities and Card Use: You agree not to use your Card or Account to engage in illegal activities, including, but not limited to, certain internet gambling. If you use your Card or Account to engage in any illegal activity, you understand that you will nevertheless be liable for any resulting transactions made by use of your Card or Account, and any related interest and fees.
Balance Transfers. If eligible, you may request a Balance Transfer to your Account through the Bilt App. We do not permit Balance Transfers from other accounts or loans with us. Balance Transfers are subject to the transaction fee shown in your Important Disclosures and are added to your Balance Transfer amount. We will begin charging interest on Balance Transfers on the transaction date. Each Balance Transfer will reduce your available credit just like any other transaction. The total amount of your request(s) including fees and interest charges cannot exceed your available credit. If your request(s) exceeds the amount that we approve, we may either decline the request or send less than the full amount requested to your designated payee. Please continue to make payments on your other account until you know the transferred amount has posted and the balance has been paid.
Cash Advances: You may obtain a Cash Advance through the Bilt App or Bilt Website for disbursal to you through an electronic fund transfer, using your Card for ATM withdrawals, teller withdrawals, making a payment using a third-party service like bill payment transactions, or any other methods we make available. You cannot sign an access check to obtain a Cash Advance or obtain a Cash Advance through a digital wallet. On each Cash Advance, a Cash Advance Fee of either $5 or 5% of the amount of the Cash Advance, whichever is greater, will be charged. If obtained through the Bilt App or the Bilt Website, generally, a Cash Advance will be transferred to your bank account via ACH on the first business day after you properly request a Cash Advance, although if your Cash Advance request is received and processed early enough in the business day, it may be available the same day. However, we are not responsible for any delays that may occur due to circumstances beyond our reasonable control. Cash Advances are made available at our discretion. Bilt Housing Payments are provided by Bilt and are not a Cash Advance.
Variable Annual Percentage Rate: Your Annual Percentage Rate is calculated by adding the Index (as defined below) to the percentage identified in your Important Disclosures as the margin. The Annual Percentage Rate (and Daily Periodic Rate or DPR) on this Account will vary from time to time due to changes to the Index. The Index is determined quarterly and is the Prime Rate as published in The Wall Street Journal . We will use the Prime Rate as published in The Wall Street Journal on the 25th day of the first month of each calendar quarter (January, April, July, and October). If the Prime Rate is not published on that day, we will use the immediately preceding published Prime Rate. As a result, your APR (and DPR) may change as frequently as quarterly. If the Index has changed, the new APR (and DPR) will apply to your Account as of the first day of your next billing cycle that begins on or after the
