Credit Card Terms & Conditions ... 1.29 Terms and Conditions means these Credit Card Terms &...

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Transcript of Credit Card Terms & Conditions ... 1.29 Terms and Conditions means these Credit Card Terms &...

  • Credit Card Terms & Conditions

    1. Definitions

    1.1 Application/instruction/request means any request, instructions or application made by the Cardmember through, including but not limited to, submission of an application on the format as prescribed by the Bank, facsimile message, telephone call, email, electronic message sent via cellular telephone and/or any other means of communication for issuance of the card and/or for any facility(ies)/service(s) offered by the Bank, including but not restricted to, Balance Transfer Facility, availing LITE Plan, payments to third parties or conducting/execution of any transaction in relation to the arrangements made hereunder.

    1.2 ATM means an automated teller machine or any card operated machine or device, whether belonging to the Bank or other participating banks or financial institutions or concerns, or to the Visa or MasterCard global ATM Network, or the affiliated networks thereof, as the case may be, which accepts the Card.

    1.3 Authorized Signatory means the Card member. 1.4 Balance means the total balance outstanding on

    the Card Account according to the Bank's records, on the date the Statement of Account is issued including all charges and liabilities.

    1.5 Bank means United Bank Limited. 1.6 Balance Transfer Facility means the service

    provided by the Bank to the Cardmember and/or the Supplementary Cardmember to transfer to the Card Account his/her outstandings with any other bank.

    1.7 Card means the VISA/MasterCard issued by the Bank to the Cardmember and includes Supplementary Card and subsequently issued Replacement Cards.

    1.8 Galleria means a special type of VISA/MasterCard issued by the Bank to the Cardmember, containing the desired picture of the Cardmember on it and includes Supplementary Card and subsequently issued replacement Cards.

  • 1.9 Cardmember means the original person, excluding any Supplementary Cardmember who is issued a Card and for whom the Card Account is first opened by the Bank.

    1.10 Card Account means the VISA/MasterCard Credit Card account opened by the Bank for the purpose of entering debits incurred by or for the account of, and credits received by or for the Cardmember and Supplementary Cardmembers, if any, under these Terms and Conditions and includes, without limitation, all debits incurred resulting from any Cash Advances, charges and/or services, arising out of or in connection with any Card Transaction or otherwise.

    1.11 Cash Advance means any amount provided to the Cardmember and/or Supplementary Cardmember by the Bank or participating bank in cash.

    1.12 Card Transaction means any Cash Advance or the amount charged by the Bank or any Merchant for any goods, services, benefits, or reservation obtained by the use of the Card or the Card numbers or the PIN or in other manner by the Cardmember and /o r Supp lementary Cardmember, including without limitation, mail, facsimile orders or reservation authorized or purported to have been authorized or made by the Cardmember and/or Supplementary Cardmember, regardless of whether a sales or Cash Advance or other voucher or form is signed by the Cardmember.

    1.13 Charges mean the total debit balance outstanding on the Card Account and payable by the Cardmember to the Bank, according to the Bank's records on the date of issue of the Statement of Account including the fees, charges set out in clause 7.11, any purchases charged and all amounts payable by the Cardmember in relation to the Cash Advances and/or services and or any other matter, arising from the issue or use of the Card and includes, without limitation, al l Card Transactions and costs and disbursements in connection therewith.

    1.14 Credit Limit means the maximum outstanding

  • balance permitted by the Bank in the Card Account and notified to the Cardmember from time to time.

    1.15 Expiry Date means the date of expiry specified by the Bank on the Card.

    1.16 Liabilities mean any or all amounts payable whatsoever by the Cardmember to the Bank pursuant hereto (other than Charges) including every type of exchange or other premium, fees, imports, duties and levies of whatsoever kind and/or amounts such as minimum payment fees, delayed payment fees, cash advance fees, stamp duties, excise or other taxes on provision of advances or credit or finance or otherwise and losses incurred or sustained by the Bank, if any, arising or resulting from any governmental actions or policies which effectively prevent repayment of foreign currency Charges of the Cardmember and /o r Supp lementary Cardmember and further including, without limitation, fines, costs, expenses, damages (liquidated or otherwise) and legal costs and disbursements charged or incurred in connection with application and/or enhancement hereof.

    1.17 LITE PLAN means the option available to the Cardmember under the LITE Plan Terms and Conditions.

    1.18 Merchant means any retail and service outlets that have entered into a written agreement to accept credit cards (VISA or MasterCard) in the payment or reservation of goods and services.

    1.19 Minimum Payment Amount means either [5%] of the Balance or a minimum payment amount that the Bank may specify in the applicable Statement of Account.

    1.20 Month means calendar month. 1.21 Payment Due Date means the date specified in

    the Statement of Account by which date, Payment of the Balance or at least the Minimum Payment Amount is to be made to the Bank.

    1.22 PIN means the Personal Identification Number issued to the Cardmember and Supplementary Cardmember (if applicable) to enable Card use at authorized ATM terminals, displaying the

  • scheme logo for a Cash Advance. 1.23 Rupee means Pakistan Rupee for the purpose

    of these Terms and Conditions. 1.24 Schedule of Charges means the document

    prescribing services fee(s), charges and other fee(s) applicable to including but not limited to the Cardmembers and the said schedule is also available at the bank branches and website of the bank. The Schedule of Charges shall form a part of the Terms and Conditions and may be amended or modified by the Bank at its sole discretion.

    1.25 Service Fee means fee as determined by the Bank and prescribed in the Schedule of Charges and payable by the Cardmember on the outstanding Liabilities and other amounts in relation to the Card Account. The Bank shall have the right to change the rate of the Service Fee by giving a notice to the Cardmember.

    1.26 Statement of Account means the Bank's monthly or other periodic statement of account sent to the Cardmember showing particulars of the Balance incurred by and/or for the account of the Cardmember and any Supplementary Cardmember and payable to the Bank.

    1.27 Supplementary Card means the Card issued by the Bank to the Supplementary Cardmember at the request of the Cardmember.

    1.28 Supplementary Cardmember means the person to whom the Supplementary Card has been issued by the Bank, at the request of the Cardmember.

    1.29 Terms and Conditions means these Credit Card Terms & Conditions.

    1.30 Validity Date means the date of validity specified by the Bank on the Card.

    1.31 You First Phone Banking means the 24 hour Customer service telephone number for the Cardmembers.

    1.32 UBL Net Banking means the Internet Banking Facility provided to the Cardmembers.

    1.33 SMS Alerts means the service avialble to the Cardmember under the SMS Alerts Service Terms and Conditions

  • 2. Collection of the Card

    2.1 The Card shall be collected by the Cardmember from the Bank or couriered to the Cardmember at the discretion of the Bank (pursuant to such conditions as are or may be specified by the Bank).

    2.2 The Card must be signed by the Cardmember and/or Supplementary Cardmember as the case may be, immediately on receipt thereof in the space provided for signature.

    2.3 In order to activate the Card, the Cardmember and/or Supplementary Cardmember shall, upon receiving the Card, communicate to the Bank their agreement to activate the Card by calling UBL Contact Center.

    2.4 In the event of the Card being sent by courier, the same shall be at the sole risk of the Cardmember. All renewed and replaced Cards thereafter will be sent by courier to the Cardmember's last known billing address, at the sole risk of Cardmember.

    2.5 The Cardmember agrees to ensure that each Supplementary Cardmember reads and understands the Terms and Conditions and Schedule of Charges and amendments thereto made from time to time as the Cardmember is liable for the use of the Supplementary Card by the Supplementary Cardmember and the charges and liabilities arising there by on the Card Account.

    2.6 The Cardmember shall be responsible for the safe custody of the Card and shall ensure the same in case of the Supplementary Card. Any loss, theft of the Card or handling of the Card by an unauthorized person in any manner shall be the exclusive responsibil i ty of the Cardmember under the Terms and Conditions.

    2.7 (a) Neither the Cardmember nor the Supplementary Cardmember shall either use the Card or allow any third party to use the Card or the Supplementary Card for any purpose of transaction prohibited by law or otherwise which

  • shall include, without limitation, gambling the Cardmember is liable for the use of the Supplementary Card by the Supplementary Cardmember and the Charges and Liabilities arising there by on the Card Account and the Bank in its sole discretion may decline such transactions which shall without limitation include such transactions carried out through the Internet or any other way. (b) In the event that the C