Card Limits definition
Examples of Card Limits in a sentence
DBS may set different Card Limits for signature-based Card Transactions, PIN-based Card Transactions and Card Not Present Transactions.
A Program Administrator shall sign, on behalf of the Member, requests for the issuance of a Card, requests to cancel a Card, requests to modify Cardholder names, addresses, costs centers, departments etc., requests to adjust individual Card Limits (“Requests”), and other documentation in connection with the day-to-day operation and administration of the program under this Agreement.
If the account is set up on a Restricted Basis, each Cardholder will have access only to their Card Limit and once the applicable Card Limit has been reached by a Cardholder, the Cardholder will not be able to access their Cardholder Account until the next Statement Date after the Credit Limit has been reached (provided the required payment for the Card Account has been received by us) as Card Limits refurbish monthly on each statement cycle date.
The aggregate total of all Card Limits for all Cardholders Accounts must not at any time exceed the Business Credit Limit for the Card Account.
Card Limits may be changed in the manner specified in paragraph I.2 of the Terms.