Who is cardholder

There may be 5 million or 6 million cardholders at the end of the process. It does not contain the information concerning the health status of the cardholder.

From Europarl Parallel Corpus - English. I would suggest as an alternative that organ donor cardholders carry their cards with them at all times. The free space remaining on the magnetic strip depends on the number of characters in the cardholder's name. There would have to be a careful definition of the identity card's function to establish the immigration status of the cardholder.

If that is not the case, genuine cardholders will be deprived of their ability to obtain goods, services, benefits and perhaps work. There are currently , cardholders of the certificate of training achievement for those operating cranes and hoists, which is a positive step in the right direction. There are currently 41 cardholders. Many cardholders believe that if a day interest-free period is provided, all new purchases will accrue no interest charges until that day period has elapsed. It concluded that a case for introducing a voluntary identity card had been made but it was opposed to the use of a unique identity number for each cardholder.

These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.

What is the pronunciation of cardholder? Browse cardamom. Test your vocabulary with our fun image quizzes. Image credits. Word of the Day goodwill. The banks' Fair Practices Code should, at a minimum, incorporate the relevant guidelines contained in this Master Circular.

Issue of cards. Add-on cards i. While issuing cards, the terms and conditions for issue and usage of a credit card should be mentioned in clear and simple language preferably in English, Hindi and the local language comprehensible to a card user.

Interest rates and other charges. Credit card dues are in the nature of non-priority sector personal loans and as such banks are free to determine the rate of interest on credit card dues without reference to their BPLR and regardless of the size. Card issuers should ensure that there is no delay in dispatching bills and the customer has sufficient number of days at least one fortnight for making payment before the interest starts getting charged. Card issuers should quote annualized percentage rates APR on card products separately for retail purchase and for cash advance, if different.

The method of calculation of APR should be given with a couple of examples for better comprehension. The APR charged and the annual fee should be shown with equal prominence. The late payment charges, including the method of calculation of such charges and the number of days, should be prominently indicated.

The manner in which the outstanding unpaid amount will be included for calculation of interest should also be specifically shown with prominence in all monthly statements. Even where the minimum amount indicated to keep the card valid has been paid, it should be indicated in bold letters that the interest will be charged on the amount due after the due date of payment.

These aspects may be shown in the Welcome Kit in addition to being shown in the monthly statement. However, this would not be applicable to charges like service taxes, etc. The terms and conditions for payment of credit card dues, including the minimum payment due, should be stipulated so as to ensure that there is no negative amortization. Changes in charges other than interest may be made only with prospective effect giving notice of at least one month. If a credit card holder desires to surrender his credit card on account of any change in credit card charges to his disadvantage, he may be permitted to do so without the bank levying any extra charge for such closure.

Wrongful billing. Protection of Customer Rights. Unsolicited cards should not be issued. In case, an unsolicited card is issued and activated without the consent of the recipient and the latter is billed for the same, the card issuing bank shall not only reverse the charges forthwith, but also pay a penalty without demur to the recipient amounting to twice the value of the charges reversed.

Unsolicited loans or other credit facilities should not be offered to the credit card customers. Since the DNCR would have been already set up by the banks, they should give wide publicity to the arrangement. Before reporting default status of a credit card holder to the Credit Information Bureau of India Ltd. The procedure should also cover the notice period for such reporting as also the period within which such report will be withdrawn in the event the customer settles his dues after having been reported as defaulter.

In all cases, a well laid down procedure should be transparently followed. These procedures should also be transparently made known as part of MITCs. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.

These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Personal Finance Credit Cards. What Is Additional Cardholder?

Key Takeaways An additional cardholder is an authorized secondary user added to a credit card or other account by the primary holder. There are risks to adding a person to your debit or credit card, mainly to your credit report. The liability of the additional cardholder is passed on to the primary one. Without liability, an additional cardholder may enjoy the benefits of a credit or debit card without the responsibility. Added users may likely increase the number of transactions and the balance on your credit card, not to mention fees may be charged for adding additional cardholders.

Related Terms Primary Account Holder A primary account holder is legally responsible for a credit or bank account including any changes made to the account. How Does a Checking Account Work? A checking account is a highly liquid deposit account held at a financial institution that allows deposits and withdrawals. Credit Card Authorized User A credit card authorized user is a person who has permission to use a credit card issued to another person.

Chip Card A chip card is a plastic debit card or credit card that contains an embedded microchip. The chip encrypts information to increase data security. Primary Account Number PAN A primary account number is a unique identifier designated for a primary account such as a credit or debit card. Electronic Benefits Transfer EBT Definition Electronic benefits transfer is a system similar to a debit card that allows recipients of government assistance to pay directly for purchases.