What is a credit card agreement?

A credit card agreement, also known as a Credit Card Account Agreement, is a legal contract between a credit card issuer and a credit card holder. In Tennessee, a credit card agreement is governed by the Tennessee Credit Card Credit Agreement Act and is considered a binding contract that outlines the terms of a credit card account. A credit card agreement will typically include information about the types of transactions to which the account is subject; any fees that will be charged; the interest rates associated with the account; the minimum payments due; the payment due date; conditions for late payments; and any other applicable fees or restrictions. Additionally, the agreement will specify any rewards programs associated with the credit card, and will include information on how rewards can be earned and redeemed. In some cases, the agreement may also include other legal and financial information associated with the card, such as a cardholder’s legal rights, dispute resolution process, and liability limits. By signing a credit card agreement, the cardholder agrees to abide by the terms and conditions established in the agreement.

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What is a credit card agreement?

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