Common use of Card Use Clause in Contracts

Card Use. Once approved, you will receive a line of credit with a credit limit determined by us. You agree that your credit limit is the maximum amount (purchases, cash advances, interest charges, plus other charges) that you will have outstanding on your account at any one time. If you are over your credit limit, you must pay the amount you are over before payments will begin to restore your credit limit. You may use your card(s) for goods and services from merchants and others who accept Visa. However, this Visa account may not be used for any illegal transaction. If you wish to pay for goods or services over the Internet, you may be required to provide card number security information before you will be permitted to complete the transaction. If our system is not working, we may not be able to authorize a transaction, even though you have sufficient credit available. Also for security reasons, we may block the use of your card in certain countries or geographic areas. We will have no liability to you or others if any of these events occur. In addition you may obtain cash advances from us or from other financial institutions that accept Visa cards, or from some automated teller machines (ATM) displaying the Visa logo. To obtain cash advances from an ATM, you must use the Personal Identification Number (PIN) that is issued to you for use with your card. You may request an increase in your credit limit only by a method acceptable to us. We reserve the right to increase or decrease your credit limit, refuse to make an advance and/ or terminate your account at any time for any reason not prohibited by law without affecting your obligation to pay the account balance.