AUTOPAY AUTHORIZATION
This Autopay Authorization describes the credit card autopay program, including the plan youhave selected to enroll in. By enrolling in autopay, you authorize Tilt, its affiliates (including Tilt Card, Inc.), and their assignees and service providers (including any successive servicer of your account) (together “we” or“us”), to debit the bank account you designated at the frequency and in the amount you have selected.
To ensure proper withdrawal of your payment, please confirm you provided the proper account information for your payment account on the “Set up Autopay” screen. We will notify you by email when your autopay is established. Until then, please continue to make payments on your account as you normally do. If you have any questions, please contact us at support@petalcard.com or at 855-697-3825.
Description of amountsto be withdrawn based on what you have chosen:
- If you chose STATEMENT BALANCE, your autopay amount will be the amount shown on the monthly statement as the “Statement Balance.” Paying your Statement Balance each month will keep your account current and allow you to avoid paying interest. The autopay amount will never be more than the most recent Statement Balance. However, it may be less because payments, returned purchases, and other credits can reduce the autopay amount if they post to the account between the Statement Closing Date and the date your payment is processed.
- If you chose MINIMUM PAYMENT, your autopay amount will be the “Minimum Payment Due” as calculated pursuant to your account agreement and shown on your monthly statement. The autopay amount will never be more than the Minimum Payment Due. However, it may be less because payments, returned purchases, and other credits can reduce the autopay amount if they post to the account between the Statement Closing Date and the date your payment is processed. Note that if you make only the Minimum Payment, you will incur interest charges on the remaining balance.
- If you chose TOTAL BALANCE, your autopay amount will be the total amount ofmoney you owe on your credit card as determined four days prior to the payment date you have selected, unless your first payment date falls within four days of the date you agree to this AutoPay Authorization. If your first payment date falls within four days of the date you agree to this Autopay Authorization, your first autopay amount will be the total amount of money you owe on your credit card as of the date you authorize AutoPay. After that, your autopay amount will be the total amount of money you owe as determined four days prior to the payment date you have selected. You can review your autopay amount in your mobile app up to four days prior to your scheduled payment date. The autopay amount will never be more than the Total Balance. However, it may be less because payments, returned purchases, and other credits can reduce the autopay amount if they post to the account between the date the Total Balance amount is determined and the date your payment is processed.
- If you chose CUSTOM AMOUNT, your autopay amount will be the amount that you specified, except if the Custom Amount is less than your “Minimum Payment Due” in any billing period, the debited amount will be increased to the Minimum Payment Due for that billing period. At times the autopay amount may be less than the Custom Amount if debiting the Custom Amount would cause an overpayment. Note that if you pay less than the Statement Balance, you will incur interest charges on the remaining balance.
You acknowledge that you have the right to receive notice of all varying transfers. However, by enrolling in an autopay plan, you consent to only receive notice if the varying transfer amount exceeds the amount to which you agreed when setting up autopay. In such cases, you will receive at least 10 days’ notice of the varying transfer. If you wish to withdraw your consent, please cancel your autopay enrollment via the mobile app.
If you wish to cancel autopay, you can do so via the mobile App. You can edit or cancel a scheduled manual payment on the mobile app up until 12:00 p.m. Pacific Time on the business day prior to its scheduled date. You can cancel autopay on the mobile app up until 12:00 p.m. Pacific Time on the business day prior to your scheduled autopay payment. For example, if your payment is scheduled for a Monday, you would need to cancel by 12:00 p.m. Pacific Time on the preceding Friday. Please print a copy of this form and keep it for your records.
