The word mastercard boasts a hybrid prepaid service-bank card given that defined into the §
ii. Once the indexed when you look at the § 1026.2(a)(15)(ii)(C), new different regarding mastercard account around an unbarred-stop (maybe not family-secured) consumer credit package provided with that section getting an overdraft range off borrowing that is reached by an account number does not affect a secured independent borrowing from the bank ability accessible from the a crossbreed prepaid-credit card (and additionally a hybrid prepaid-credit card that is entirely a merchant account count) just like the discussed within the § .
Essentially, whenever a card profit try refinanced within the meaning of § (a), mortgage disclosures are going to be made
(i) Bank card setting any credit, plate, or other solitary borrowing from the bank tool that may be made use of regarding time in order to time for you see credit.
(ii) Credit card membership around an open-prevent (maybe not family-secured) credit bundle setting any open-avoid credit membership that’s utilized by the a charge card, except:
(C) An overdraft line of credit that’s accessed by an account number, unless of course the latest account amount try a hybrid prepaid service-bank card that may access a shielded separate borrowing from the bank element since the defined from inside the §
In the event your merchant try a collector throughout the deal, your order was a cards profit together with unique borrowing from the bank profit disclosures (that’s, the newest disclosures below § (j)) have to be offered
(iii) Bank card form a credit card for the a be the cause of and that no unexpected price is used to help you compute a financing fees.
(iv) Debit card setting one credit, dish, or any other single equipment which are used from time to time for you accessibility a valuable asset account aside from a prepaid membership given that laid out in the § .
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