Common use of Formation of the contract Clause in Contracts

Formation of the contract. card complete has the right to accept or decline any application for a Card. The credit card contract comes into force upon delivery of the Card to the applicant (“Cardholder”). The Card remains the property of card complete. In addition to the Card, the Cardholder will receive, under separate cover, a PIN (Personal Identification Number) which can be changed as described under Item 17.8. and a Registration Code for the use of special security systems (specifically, Verified by Visa (VbV) or Mastercard SecureCode (MCSC)) that allow the Cardholder to make secure payments and gain access to various services (e.g. account enquiries) via encrypted electronic data networks. The PIN and Registration Code will be disclosed only to the Cardholder.