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.

Related FAQs

What is a chargeback fee?
Can I use a credit card to pay bills?
What is the average APR on credit cards?
What is the minimum credit score required to qualify for a credit card?
What are the risks associated with using a credit card?
What is a chargeback?
What is a balance transfer APR?
What is a balance transfer fee?
What is the difference between a credit card and a debit card?
What kind of protection do I have if I'm a victim of identity theft?

What is a credit card agreement?

Related FAQs

Related Blog Posts