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Card Holder Agreement |
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A card holder agreement is an important document. It is the pamphlet that describes in detail the terms and conditions associated with a particular credit card. A card holder agreement is lengthy, but card holders should read it completely before using the associated credit card because use of such card implies acceptance of all stated terms. Required by Federal law, a typical card holder agreement will describe: the dispute resolution process, the way finance charges and APR are calculated, all associated fees/service charges, how the credit card can be used, payment terms, personal information disclosure, cardholder’s responsibility if card is lost or stolen, and more.
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Credit Card Definitions > A - E > Card Holder Agreement
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