Cardholder Limit definition

Cardholder Limit the sums approved by the Bank as the maximum amounts of spending permitted for each Cardholder during a Billing Cycle (including any Card transactions not yet debited and any authorisations the Bank has given in respect of prospective Card transactions).
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Cardholder Limit the maximum value of Transactions the Business has allowed the Cardholder to spend each month under the Cardholder Account.
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Cardholder Limit the sums approved by the Bank under clause 2.13 as the maximum amounts of spending permitted for each Cardholder during a Billing Cycle (including any Card Transactions not yet debited and any authorisations the Bank has given in respect of prospective Card Transactions). A Cardholder Limit cannot be increased by the Business such that the total of all Cardholder Limits exceeds the Scheme Limit.
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Examples of Cardholder Limit in a sentence

  • Cardholder Limit: the sum promptly notified in writing to us by the Business from time to time for the Cardholder per billing cycle being the maximum amount of spending permitted by the Business for the Cardholder using the Business Charge Card.

  • A Cardholder Limit cannot be increased by the Business such that the total of all Cardholder Limits exceeds the Business Limit.

  • CREDIT LIMITS and PAYMENT TERMS OF THE PLAN PROMISE TO PAYAND CREDIT LIMITS: By signing below and according to the terms of this Agreement, Company promises to pay Credit Union all amounts due and to adhere to the following credit limits: Credit Cards: Total Credit Limit: Name of Cardholder: Limit Per Card (cannot exceed aggregate): Credit Union may increase or decrease any credit limit at any time.

  • The Business Representative is responsible for telling the Cardholder about changes in their Cardholder Limit.

  • Cardholder Limit: the maximum amount of spending allowed for the Cardholder per billing cycle.

  • Cardholders may make Cash Withdrawals from an ATM of up to £500 per day provided they do not exceed their Cardholder Limit.

  • We can decline Transactions that take a Cardholder over their Cardholder Limit or take you over the Business Limit.

  • CREDIT LIMITS and PAYMENT TERMS OF THE PLAN PROMISE TO PAYAND CREDIT LIMITS: By signing below and according to the terms of this Agreement, Company promises to pay Credit Union all amounts due and to adhere to the following credit limits: Credit Cards: Total Credit Limit: Name of Cardholder: Limit Per Card (cannot exceed Total Credit Limit): Name of Authorized User: Credit Union may increase or decrease any credit limit at any time.

  • We will not increase the Business Limit or any Cardholder Limit without telling you.

  • As long as the total Cardholder Limits remain within the Business Limit, we’ll put the new Cardholder Limit in place within 10 Business Days after you have asked us to.


More Definitions of Cardholder Limit

Cardholder Limit a limit on the total unsettled balance which may be accrued on a Cardholder Account at any one time.
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Related to Cardholder Limit

  • Cardholder means an individual, company, firm or other body to whom a Card has been issued at any time and who is authorised to use that Card;

  • Primary Cardholder means the person who applied for a Card, whose name is on the Account and who a Card is issued to. Purchase means any Transaction other than a Cash Advance.

  • Principal Cardholder means a Cardholder who has been issued with a Principal Card;

  • Cardholder Agreement means the agreement between Bank and a Cardholder governing the terms and use of a Card.

  • Card Account means the account maintained with the Bank in respect of the Card;

  • Card Number means the 16-digit number on the front of your Card.

  • Card means the Visa credit card and any duplicates, renewals, or substitutions the Credit Union issues to you; "account" means your Visa credit card line-of-credit account with the Credit Union; and "Credit Union" means the Credit Union whose name appears on this Agreement or anyone to whom the Credit Union transfers this Agreement.

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • Private label credit card means any charge card, credit card, or other instrument serving a similar purpose that carries, refers to, or is branded with the name or logo of a vendor and that can only be used for purchases from the vendor.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Supplementary Cardholder means the person who has been issued a Supplementary Card.