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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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