Card Usage Terms Clause Samples
The Card Usage Terms clause defines the rules and conditions under which a card—such as a credit, debit, or membership card—may be used by the cardholder. It typically outlines permitted transactions, restrictions on use (such as prohibited purchases or geographic limitations), and the responsibilities of the cardholder regarding security and reporting lost or stolen cards. By clearly establishing these parameters, the clause helps prevent misuse, allocates liability, and ensures both parties understand their rights and obligations regarding card usage.
Card Usage Terms. Authorized Users may only use Cards for bona fide business purchases, for valid and lawful purposes, and must not use Cards for personal, family or household purposes, or for cash advances or withdrawals. All Cards remain Issuer’s property and must be returned to us upon request. We may cancel, revoke, repossess or restrict the use of any or all Cards at any time. We may decline to authorize or reverse Charges, and we may suspend Cards, for any reason including violation of this User Agreement, suspected fraud, or creditworthiness issues. We are not responsible for losses resulting from declined or reversed Charges. Merchants typically accept all Card Network- branded Cards; however, we are not responsible and will have no liability if a merchant refuses to honor a Card or accept a Card Transaction.