What is a credit card agreement?

A credit card agreement is a legally binding contract between a cardholder and the lender or issuer of the credit card. This agreement outlines the terms and conditions of how the credit cardholder can use the card - the fees, interest rates, and other charges associated with the card. It also outlines what the cardholder is responsible for when using the card, such as payments and fees. This agreement is an important document to read carefully before signing as it outlines the responsibilities of both the cardholder and the issuer. In Washington, credit card laws are designed to protect consumers from unfair practices by credit card issuers. These laws require credit card agreements to be written in plain language so that all cardholders can easily understand them. Credit card laws also regulate the terms that the card issuer can impose on the cardholder, such as interest rates and fees. Additionally, credit card laws require the card issuer to disclose the annual percentage rate (APR) and other costs associated with the card. Finally, credit card laws also require the issuer to provide the cardholder with certain protections, such as the right to dispute fraudulent charges and the right to stop payment on a card if it is lost or stolen.

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What is a credit card agreement?

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