Safetynet sentence example
- One distinction between Target and non-Target-affiliated Visa cards is Target's SafetyNet program, which permits cardholders who suddenly become disabled or unemployed for longer than 90 days to cancel their balance.
- The SafetyNet program permits cardholders who lose full-time employment or become suddenly disabled and unable to work the option to have their entire balance canceled.
- SafetyNet must be selected as an option by the cardholder and paid for on a monthly basis.
- Because it cancels a debt, the Internal Revenue Service (IRS) may view beneficiaries of the SafetyNet program as receiving income.