Common use of Cardholders Clause in Contracts

Cardholders. Bank will issue one or more Cards and account numbers associated with the Card Account to each individual Cardholder, as designated by the CSA or otherwise by an Authorized Person provided that Bank reserves the right at anytime, in its sole and absolute discretion, to refuse to issue any requested Card. Customeris fully and unconditionally liable to Bank for the use of the Cards by each Cardholder or any person who uses a Card. Customer agrees to notify Bank immediately if Customer cancels any Cardholder’s privileges; Customer is responsible for preventing further use of such Cardholder’s Card by either destroying it or returning it to Bank. Subject to the terms and conditions of this Agreement, the Card and Card Account may be used to purchase goods or services and obtain cash advances (if permitted under this Agreement) wherever the Card is honored.

Appears in 3 contracts

Sources: Visa Credit Card Agreement, Visa Credit Card Agreement, Credit Card Agreement