CARD RESTRICTION Clause Samples
The Card Restriction clause sets limitations on the use of payment or access cards within the context of an agreement. It may specify which types of transactions are permitted, restrict usage to certain vendors or locations, or prohibit specific activities such as cash withdrawals or international purchases. By clearly defining acceptable and prohibited uses, this clause helps prevent misuse or unauthorized transactions, thereby protecting the interests of the card issuer and ensuring compliance with contractual or regulatory requirements.
CARD RESTRICTION. 19.1 We own the Card and if we ask, you must cut the Card in half and return it to us. We, or anyone acting for us, may keep the Card at any time. For example, we may withdraw the Card and instruct any establishment to keep hold of it if you try to use it.
19.2 If we have a good reason (for example, if you break this Agreement or there is suspected fraud involving the Card, or if there is a change in how you operate the Account or in your financial circumstances, giving us reasonable grounds to believe that you may have difficulty meeting your commitments) and we consider it reasonably necessary, we may (i) suspend, withdraw or restrict the use of the Card and (ii) reduce the Credit Limit at any time. We will tell you before we take this action, or as soon as possible afterwards.
19.3 We may issue a replacement Card and change the Account number, for security purposes.
CARD RESTRICTION. First Class FCU Visa Debit Card(s) can no longer be used for ANY INTERNET GAMBLING (in compliance with Reg. GG). In addition, membership in First Class Federal Credit Union is required to obtain a VISA Debit Card. A joint owner of an account who is not a primary owner of their own account is not eligible for a VISA Debit Card. (Federal Credit Union Act, 1757(17) and NCUA Rules and Regulations, 701.30) If you think your statement is wrong, or if you need more information about a transaction on your statement, write us on a seperate sheet at the address listed on your state- ment. Write to us as soon as possible. We must hear from you no later than 60 days after we sent you the first state- ment on which the error or problem appeared. You can telephone us, but doing so will not preserve your rights. In your letter, give us the following information: -Your account number. -The dollar amount of the suspected error. -Describe the error and explain, if you can, why you believe there is an error. If you need more information, describe the item you are not sure about.