Common use of Additional Credit Cards Clause in Contracts

Additional Credit Cards. 10.1 Additional Credit Cards linked to your Credit Card Account and/or Credit facility may be issued to people you have chosen to receive a Credit Card. Credit Cards are issued in their names. These people are referred to as additional credit cardholders. 10.2 The issue of additional Credit Cards will not change the credit limit on your Credit facility. 10.3 It is your responsibility to ensure that additional credit cardholders comply with the terms of this agreement. 10.4 You must ensure that you and any additional credit cardholders do not exceed your credit limit on the Credit facility. 10.5 Transactions made by additional credit cardholder’s using the additional Credit Card, interest, fees and charges relating to the additional Credit Card, will be debited to your Credit Card Account and/or Credit facility. 10.6 You will be liable for all amounts owed to us derived from the use of the additional Credit Card. This means that we will recover from you the full amount owed to us on the Credit facility. 10.7 You may only end the additional credit cardholder’s right to use the Credit Card if you tell us in writing that you wish to do so and you must ensure that the additional Credit Card is destroyed. When destroying the additional Credit Card, you must cut through the magnetic stripe and Credit Card number so that the Credit Card cannot be used again. Should you fail to destroy the Credit Card you will be liable for any transactions on your Credit Card Account and/or Credit facility after the notification of termination of this additional Credit Card.

Appears in 1 contract

Sources: Credit Card Account and Credit Facility Terms and Conditions of Use

Additional Credit Cards. 10.1 Additional Credit Cards linked to your Credit Card Account and/or Credit facility may be issued to people you have chosen to receive a Credit Card. Credit Cards are issued in their names. These people are referred to as additional credit cardholders. 10.2 The issue of additional Credit Cards will not change the credit limit on your Credit facility. 10.3 It is your responsibility to ensure that additional credit cardholders comply with the terms of this agreement. 10.4 You must ensure that you and any additional credit cardholders do not exceed your credit limit on the Credit facility. 10.5 Transactions made by additional credit cardholder’s using the additional Credit Card, interest, fees and charges relating to the additional Credit Card, will be debited to your Credit Card Account and/or Credit facility. 10.6 You will be liable for all amounts owed to us derived from the use of the additional Credit Card. This means that we will recover from you the full amount owed to us on the Credit facility. 10.7 You may only end the additional credit cardholder’s right to use the Credit Card if you tell us in writing that you wish to do so and you must ensure that the additional Credit Card is destroyed. When destroying the additional Credit Card, you must cut through the magnetic stripe and Credit Card number so that the Credit Card cannot be used again. Should you fail to destroy the Credit Card you will be liable for any transactions on your Credit Card Account and/or and/ or Credit facility after the notification of termination of this additional Credit Card.

Appears in 1 contract

Sources: Credit Card Account and Credit Facility Terms and Conditions of Use