Common use of Use of Card Clause in Contracts

Use of Card. You may only buy goods or services from businesses displaying the Visa sign (“Merchant”), or borrow cash from the Credit Union or other institutions displaying such signs. You must follow any reasonable and proper procedures by those honoring the Card. In order for the Card to be valid, it must be signed by the Cardholder or Authorized User. The Cardholder must be a Credit Union member. By signing, activating, using, or allowing another person to use the Card, you agree to this Agreement and are responsible for all authorized transactions and cash advances made by the use of this Card. Credit Limit: Your credit limit is set by the Credit Union and may be changed from time to time with notice to the Cardholder. The Credit Union may, at its option, recognize transactions (and extend credit) which will cause the Cardholder’s outstanding balance to exceed the maximum credit limit. Activating Your Card: You must activate your Card by calling 0-000-000-0000. The Card is not valid until it has been activated.