Usage of the Card Account and the Card Sample Clauses

Usage of the Card Account and the Card. 2.1 How the Card Account and the Card are to be used (a) The Card is the property of the Bank and must be returned to the Bank upon the Bank’s request. (b) The Cardholder shall immediately sign on the back of the Card upon receipt of the Card. (c) The Cardholder must not use the Card or the Card Account for any illegal or fraudulent purpose nor allow anyone else to do so. If the Cardholder does, the Cardholder will be responsible for such use and may be required to reimburse the Bank and/or Mastercard/Visa, for all amounts which the Bank and/or Mastercard/Visa incur as a result of such use. (d) The Cardholder shall use the Card only to effect retail purchase of payment for Halal Merchandise and Services and not otherwise. The Cardholder agrees that the Bank and/ or its Shariah Committee’s decision on whether such merchandise and services are Halal Merchandise and Services shall be conclusive for the purpose of this Agreement. The list of merchants where the Card’s usage is restricted is provided in the Product Disclosure Sheet. (e) Notwithstanding (c) and (d) above, the Cardholder shall continue to be fully liable to pay the Bank the amount due in respect of the affected transactions, if any, and paragraph (c) and (d) above shall not be used as a defence to refuse payment to the Bank. (f) The Card can only be used by the Cardholder. This Agreement shall apply to the Supplementary Cardholder unless expressly provided in this Agreement. The issuance of card to the Supplementary Cardholder is at the Bank’s absolute discretion. (g) The Supplementary Cardholder cannot request the Bank to increase the Credit Limit or nominate another person to be a Supplementary Cardholder under the Card Account (h) The Cardholder will be issued with a PIN via any mode arranged by the Bank directly with the Cardholder for the purpose of effecting transactions with the Card at any electronic reader/terminal, ATM or any facility which requires the use of a PIN. Cardholder is to change the PIN at any AmBank ATMs before the first transaction requiring the use of PIN. (i) The Cardholder shall adhere and be bound by all instructions contained in the PIN advice notification/mailer that comes along with the PIN, and shall have the option to change or select a PIN at any time via the Bank’s ATM or any designated mode as advised by the Bank from time to time. (j) If prompted for PIN entry when using the Card for a purchase, the Cardholder shall input the PIN, failing which the transaction...
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Related to Usage of the Card Account and the Card

  • Credit Cards About 93% of graduating students report they have at least one credit card, including 29% who say they have two or more. Among those students who have credit cards, about 79% report they pay off their balance each month and, as such, their current credit card balance is zero; however, when asked what their current credit card balance is, just 37% say it is zero. Among those with an unpaid balance, the average credit card debt students have is $2,771. None 7% 8% 7% 7% 8% One 64% 65% 62% 66% 64% Two 21% 19% 22% 20% 21% Three or more 8% 7% 8% 7% 7% Yes 79% 70% 81% 80% 69% Zero 37% 34% 37% 38% 35% $500 or less 14% 14% 13% 14% 15% $501 to $1,000 6% 6% 6% 7% 4% Over $1,000 10% 14% 8% 10% 14% Don't know 33% 32% 36% 31% 31% Average (those with credit card) $792 $1,176 $655 $753 $1,408 Average (those with unpaid balance) $2,771 $3,366 $2,395 $2,745 $4,601 * Total credit card balance and payment of the balance were asked of those who had at least one credit card.

  • Merchant has the power and authority to authorize the automatic funds transfer provided for in the Merchant Agreement;