Sunday, November 16, 2008


Cardholder is a person to whom a payment card is issued. Upon the issuance of the card, the cardholder enters into a contract with the card issuer whereby the card issuer agrees to finance the purchases the cardholder has made with the card and to issue a monthly statement with a summary of the transactions that the the cardholder has participated in during the billing period. The cardholder, for his or her part, agrees to pay to the card issuer the monthly statement balance or another amount, including all applicable finance charges, as agreed to in the contract.

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