Common use of CARD LIMIT Clause in Contracts

CARD LIMIT. 6.1 The Bank shall at its sole discretion specify the Cardmember’s Card Limit with the Bank for the purposes of this Agreement. 6.2 Where the Cardmember operates two or more Card accounts with the Bank, a combined Card Limit will be assigned to the Cardmember representing the total Card Limit extended to cover the use of all the Cards held by the Cardmember and his / her Supplementary Cardmember, if any. 6.3 The Cardmember hereby covenants that he / she shall not exceed his / her Card Limit in using the Card and shall make good any excess thereof immediately upon receipt of the monthly statement of account and / or to such other notices by the Bank showing such excess in accordance with Clause 7.1 (b) (ii). 6.4 Notwithstanding the Card Limit, the Cardmember may obtained cash at the Bank’s discretion, where such Cash Withdrawals will not cause the Cardmember’s available Card Limit to be exceeded, by: (i) Presenting the Card at any of the Bank’s Authorised Cash Outlet with evidence of the Cardmember’s identity and signing the necessary transaction record; or (ii) Using the Card at any ATM, where each Cash Withdrawal will be subjected to the applicable daily withdrawal limit or the withdrawal limit per Cash Withdrawal transaction of the ATM. 6.5 The Bank has the right to impose a ceiling in percentage terms on the quantum of Card Limit and the Cardmember’s available balance which can be utilised for the Cash Withdrawals.

Appears in 2 contracts

Samples: Maybank Islamic Ikhwan Visa Infinite Card I Agreement, Maybank Islamic Ikhwan Visa Infinite Card I Agreement

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CARD LIMIT. 6.1 The Bank shall at its sole discretion specify the Cardmember’s Card Limit with the Bank for the purposes of this Agreement. 6.2 Where the Cardmember operates two or more Card accounts with the Bank, a combined Card Limit will be assigned to the Cardmember representing the total Card Limit extended to cover the use of all the Cards held by the Cardmember and his / his/her Supplementary Cardmember, if any. 6.3 The Cardmember hereby covenants that he / he/ she shall not exceed his / his/her Card Limit in using the Card and shall make good any excess thereof immediately upon receipt of the monthly statement of account and / or and/or to such other notices by the Bank showing such excess in accordance with Clause 7.1 (b) (ii). 6.4 Notwithstanding the Card Limit, the Cardmember may obtained cash at the Bank’s discretion, where such Cash Withdrawals will not cause the Cardmember’s available Card Limit to be exceeded, by: (ia) Presenting the Card at any of the Bank’s Authorised Cash Outlet with evidence of the Cardmember’s identity and signing the necessary transaction record; or (iib) Using the Card at any ATM, where each Cash Withdrawal will be subjected to the applicable daily withdrawal limit or the withdrawal limit per Cash Withdrawal transaction of the ATM. 6.5 The Bank has the right to impose a ceiling in percentage terms on the quantum of Card Limit and the Cardmember’s available balance which can be utilised for the Cash Withdrawals. The Bank further has the right to vary such ceiling percentage from time to time as the Bank in its absolute discretion deems fit. 6.6 Maybank shall be entitled at any time at its absolute discretion and without the need to provide any reasons, to revise, vary and/or reduce the Cardholder’s Credit Limit and such change of Credit Limit takes effect immediately upon notification to the Cardholder. The Cardholder shall be deemed notified when such change of Credit Limit is reflected in the monthly statement of account

Appears in 2 contracts

Samples: Card Agreement, Card Agreement

CARD LIMIT. 6.1 The Bank shall at its sole discretion specify the Cardmember’s Card Limit with the Bank for the purposes of this Agreement. 6.2 Where the Cardmember operates two or more Card accounts with the Bank, a combined Card Limit will be assigned to the Cardmember representing the total Card Limit extended to cover the use of all the Cards held by the Cardmember and his / her Supplementary supplementary Cardmember, if any. 6.3 The Cardmember hereby covenants that he / she shall not exceed his / her Card Limit in using the Card and shall make good any excess thereof immediately upon receipt of the monthly statement of account and / or and/or to such other notices by the Bank showing such excess in accordance with Clause 7.1 (b) (ii). 6.4 Notwithstanding notwithstanding the Card Limit, the Cardmember may obtained cash at the Bank’s discretion, where such Cash Withdrawals will not cause the Cardmember’s available Card Limit to be exceeded, by: (i) Presenting the Card at any of the Bank’s Authorised Cash Outlet outlet with evidence of the Cardmember’s identity and signing the necessary transaction record; or (ii) Using the Card at any ATM, where each Cash Withdrawal will be subjected to the applicable daily withdrawal limit or the withdrawal limit per Cash Withdrawal transaction of the ATM. 6.5 The Bank has the right to impose a ceiling in percentage terms on the quantum of Card Limit and the Cardmember’s available balance which can be utilised for the Cash Withdrawals.

Appears in 2 contracts

Samples: Maybank Islamic Ikhwan Card I Agreement, Maybank Islamic Ikhwan Card I Agreement

CARD LIMIT. 6.1 The Bank shall at its sole discretion specify the Cardmember’s Card Limit with the Bank for the purposes of this Agreement. 6.2 Where the Cardmember operates two or more Card accounts with the Bank, a combined Card Limit will be assigned to the Cardmember representing the total Card Limit extended to cover the use of all the Cards held by the Cardmember and his / his/her Supplementary Cardmember, if any. 6.3 The Cardmember hereby covenants that he / he/she shall not exceed his / his/her Card Limit in using the Card and shall make good any excess thereof immediately upon receipt of the monthly statement of account and / or and/or to such other notices by the Bank showing such excess in accordance with Clause 7.1 (b) (ii). 6.4 Notwithstanding the Card Limit, the Cardmember may obtained cash at the Bank’s discretion, where such Cash Withdrawals will not cause the Cardmember’s available Card Limit to be exceeded, by: (i) Presenting the Card at any of the Bank’s Authorised Cash Outlet with evidence of the Cardmember’s identity and signing the necessary transaction record; or (ii) Using the Card at any ATM, where each Cash Withdrawal will be subjected to the applicable daily withdrawal limit or the withdrawal limit per Cash Withdrawal transaction of the ATM. 6.5 The Bank has the right to impose a ceiling in percentage terms on the quantum of Card Limit and the Cardmember’s available balance which can be utilised for the Cash Withdrawals. The Bank further has the right to vary such ceiling percentage from time to time as the Bank in its absolute discretion deems fit.

Appears in 1 contract

Samples: Card Agreement

CARD LIMIT. 6.1 The Bank shall at its sole discretion specify the Cardmember’s Card Limit with the Bank for the purposes of this Agreement. 6.2 Where the Cardmember operates two or more Card accounts with the Bank, a combined Card Limit will be assigned to the Cardmember representing the total Card Limit extended to cover the use of all the Cards held by the Cardmember and his / her Supplementary Cardmember, if any. 6.3 The Cardmember hereby covenants that he / she shall not exceed his / her Card Limit in using the Card and shall make good any excess thereof immediately upon receipt of the monthly statement of account and / or to such other notices by the Bank showing such excess in accordance with Clause 7.1 (b) (ii). 6.4 Notwithstanding the Card Limit, the Cardmember may obtained cash at the Bank’s discretion, where such Cash Withdrawals will not cause the Cardmember’s available Card Limit to be exceeded, by: (i) Presenting the Card at any of the Bank’s Authorised Cash Outlet with evidence of the Cardmember’s identity and signing the necessary transaction record; or (ii) Using the Card at any ATM, where each Cash Withdrawal will be subjected to the applicable daily withdrawal limit or the withdrawal limit per Cash Withdrawal transaction of the ATM. 6.5 The Bank has the right to impose a ceiling in percentage terms on the quantum of Card Limit and the Cardmember’s available balance which can be utilised for the Cash Withdrawals. The Bank further has the right to vary such ceiling percentage from time to time as the Bank in its absolute discretion deems fit.

Appears in 1 contract

Samples: Ikhwan Card I Agreement

CARD LIMIT. 6.1 The Bank shall at its sole discretion specify the Cardmember’s Card Limit with the Bank for the purposes of this Agreement. 6.2 Where the Cardmember operates two or more Card accounts with the Bank, a combined Card Limit will be assigned to the Cardmember representing the total Card Limit extended to cover the use of all the Cards held by the Cardmember and his / her Supplementary Cardmember, if any. 6.3 The Cardmember hereby covenants that he / she shall not exceed his / her Card Limit in using the Card and shall make good any excess thereof immediately upon receipt of the monthly statement of account and / or and/or to such other notices by the Bank showing such excess in accordance with Clause 7.1 (b) (ii). 6.4 Notwithstanding the Card Limit, the Cardmember may obtained cash at the Bank’s discretion, where such Cash Withdrawals will not cause the Cardmember’s available Card Limit to be exceeded, by: (i) Presenting the Card at any of the Bank’s Authorised Cash Outlet with evidence of the Cardmember’s identity and signing the necessary transaction record; or (ii) Using the Card at any ATM, where each Cash Withdrawal will be subjected to the applicable daily withdrawal limit or the withdrawal limit per Cash Withdrawal transaction of the ATM. 6.5 The Bank has the right to impose a ceiling in percentage terms on the quantum of Card Limit and the Cardmember’s available balance which can be utilised for the Cash Withdrawals.

Appears in 1 contract

Samples: Maybank Islamic Ikhwan Card I Agreement

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CARD LIMIT. 6.1 The Bank shall at its sole discretion specify the Cardmember’s Card Limit with the Bank for the purposes of this Agreement. 6.2 Where the Cardmember operates two or more Card accounts with the Bank, a combined Card Limit will be assigned to the Cardmember representing the total Card Limit extended to cover the use of all the Cards held by the Cardmember and his / his/her Supplementary Cardmember, if any. 6.3 The Cardmember hereby covenants that he / he/she shall not exceed his / his/her Card Limit in using the Card and shall make good any excess thereof immediately upon receipt of the monthly statement of account and / or and/or to such other notices by the Bank showing such excess in accordance with Clause 7.1 (b) (ii). 6.4 Notwithstanding the Card Limit, the Cardmember may obtained cash at the Bank’s discretion, where such Cash Withdrawals will not cause the Cardmember’s available Card Limit to be exceeded, by: (ia) Presenting the Card at any of the Bank’s Authorised Cash Outlet with evidence of the Cardmember’s identity and signing the necessary transaction record; or (iib) Using the Card at any ATM, where each Cash Withdrawal will be subjected to the applicable daily withdrawal limit or the withdrawal limit per Cash Withdrawal transaction of the ATM. 6.5 The Bank has the right to impose a ceiling in percentage terms on the quantum of Card Limit and the Cardmember’s available balance which can be utilised for the Cash Withdrawals. The Bank further has the right to vary such ceiling percentage from time to time as the Bank in its absolute discretion deems fit.

Appears in 1 contract

Samples: Maybank Islamic Mastercard Ikhwan Card I Agreement

CARD LIMIT. 6.1 The Bank shall at its sole discretion specify the Cardmember’s Card Limit with the Bank for the purposes of this Agreement. 6.2 Where the Cardmember operates two or more Card accounts with the Bank, a combined Card Limit will be assigned to the Cardmember representing the total Card Limit extended to cover the use of all the Cards held by the Cardmember and his / her Supplementary Cardmember, if any. 6.3 The Cardmember hereby covenants that he / she shall not exceed his / her Card Limit in using the Card and shall make good any excess thereof immediately upon receipt of the monthly statement of account and / or and/or to such other notices by the Bank showing such excess in accordance with Clause 7.1 (b) (ii). 6.4 Notwithstanding the Card Limit, the Cardmember may obtained cash at the Bank’s discretion, where such Cash Withdrawals will not cause the Cardmember’s available Card Limit to be exceeded, by: (ia) Presenting the Card at any of the Bank’s Authorised Cash Outlet with evidence of the Cardmember’s identity and signing the necessary transaction record; or (iib) Using the Card at any ATM, where each Cash Withdrawal will be subjected to the applicable daily withdrawal limit or the withdrawal limit per Cash Withdrawal transaction of the ATM. 6.5 The Bank has the right to impose a ceiling in percentage terms on the quantum of Card Limit and the Cardmember’s available balance which can be utilised for the Cash Withdrawals.

Appears in 1 contract

Samples: Maybank Islamic Ikhwan Card I Agreement

CARD LIMIT. 6.1 The Bank shall at its sole discretion specify the Cardmember’s Card Limit with the Bank for the purposes of this Agreement. 6.2 Where the Cardmember operates two or more Card accounts with the Bank, a combined Card Limit will be assigned to the Cardmember representing the total Card Limit extended to cover the use of all the Cards held by the Cardmember and his / his/her Supplementary Cardmember, if any. 6.3 The Cardmember hereby covenants that he / he/she shall not exceed his / his/her Card Limit in using the Card and shall make good any excess thereof immediately upon receipt of the monthly statement of account and / or and/or to such other notices by the Bank showing such excess in accordance with Clause 7.1 (b) (ii). 6.4 Notwithstanding the Card Limit, the Cardmember may obtained cash at the Bank’s discretion, where such Cash Withdrawals will not cause the Cardmember’s available Card Limit to be exceeded, by: (i) Presenting the Card at any of the Bank’s Authorised Cash Outlet with evidence of the Cardmember’s identity and signing the necessary transaction record; or (ii) Using the Card at any ATM, where each Cash Withdrawal will be subjected to the applicable daily withdrawal limit or the withdrawal limit per Cash Withdrawal transaction of the ATM. 6.5 The Bank has the right to impose a ceiling in percentage terms on the quantum of Card Limit and the Cardmember’s available balance which can be utilised for the Cash Withdrawals. 6.6 Clause 6.6 Maybank shall be entitled at any time at its absolute discretion and without the need to provide any reasons, to revise, vary and/or reduce the Cardholder’s Credit Limit and such change of Credit Limit takes effect immediately upon notification to the Cardholder. The Cardholder shall be deemed notified when such change of Credit Limit is reflected in the monthly statement of account.

Appears in 1 contract

Samples: Maybank Islamic Ikhwan Visa Infinite Card I Agreement

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