TYPE AND BASIC CHARACTERISTICS OF CREDIT FACILITY Örnek Maddeleri

TYPE AND BASIC CHARACTERISTICS OF CREDIT FACILITY. 1. Type of the credit facility covered by this Agreement is Credit Card. Credit Card is a means of payment, in the form of a printed card or a card number, with no physical existence, which enables the Customer to purchase goods and services without using cash funds and to withdraw a credit facility in cash, under the credit facilities made by the Bank available to the Customer subject to certain credit limits. 2. The Bank will assess the Customer’s demands for issuance / renewal and/ or limit (also including changes of limit) of Credit Card / Supplementary Credit Card and the type of card to be allocated (Gold, Platinum, Wings Basic, Wings Black, etc.), by considering the statements to be given or the documents to be delivered by the Customer about the Credit Card / Supplementary Credit Card Holder’s social status, education level, age, credit payment performance and assets and within the frame of provisions of the Law no. 5464. Assessments as to whether a Credit Card / Supplementary Credit Card will be issued and granted to the Customer or not, and if so, about the limit thereof will be made by the Bank, and the limit information will be advised to the Customer with a card holder envelope at the time of delivery of the card. 3. Except for the situations which may constitute a risk for the Customer or the Bank, pursuant to the provisions of the Law no. 5464, the Bank will be authorized to reduce the Customer’s credit card limits by notifying the same in an Account Statement and by taking into consideration the Bank’s crediting policies and the Customer’s credit performance, financial structure, credit allocation conditions, etc. causes. 4. The Customer’s requests for increase of credit card limits will be assessed by the Bank in accordance with the provisions of the Law no. 5464. The Bank determines a single joint limit for purchases of goods and services and/or for cash withdrawals of the Credit Card and/or Supplementary Credit Card Holder by using credit card. The limit determined by the Bank will not be increased unless demanded so by the Customer. 5. The Bank may, at the time of issuance of a Credit Card / Supplementary Credit Card, open a Bank account and/or a Credit Card account in the Bank in the name of the Customer. Credit Card(s) and Supplementary Credit Card(s) are sent and delivered to the Customer’s address set forth in this Agreement or designated in the application form or are delivered directly by the relevant Branch. If demanded so by the...