Common use of CARD LIMIT Clause in Contracts

CARD LIMIT. You agree to communicate the Card Limit of each Supplementary Cardholder to us in writing. If you do not communicate the Card Limit to us, you understand the Card Limit will be the same as the Credit Limit on your account. We may, but are not required to, even if we have done so before, permit the Supplementary Cardholder to exceed the total Card Limit and the Credit Limit established from time to time. You understand that the use of the Card and the Designated Account may be suspended, at our discretion, if the Card Limit is exceeded. You are responsible for all penalty fees associated with the Card or Designated Account going over limit. You are responsible to pay any over-limit amounts in full by the payment due date.