Cardholder agreement

Cardholder agreement: Definition:
The written contract which lays out the terms of agreement between a credit card company and a prospective customer. Cardholder agreements must legally spell out all conditions accompanying use of the card: interest rates charged on each kind of transaction, the specific penalties incurred for late payments and other troubles, the way minimum payments are calculated, any annual fees, and the cardholder's rights in the event of a dispute.

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