The Principal Cardholder shall at all times remain fully liable for the discharge of all amounts debited to the Card Account as a result of use of the Supplementary Card by the Supplementary Cardholder.Ĥ.1 The Bank will debit the Card Account with the amounts incurred on a Card Transaction and all Card Charges and any other liabilities of the Cardholder and any loss incurred by the Bank arising from the use of the Card. ![]() 3.1 The Bank will assign a Credit Limit to the Card Account which must not be exceeded without the prior approval of the Bank.ģ.2 The Bank reserves the right, in its absolute discretion, without being under any obligation to do so, to permit the Cardholder to exceed the Cardholder’s Credit Limit provided that if the Bank permits the Cardholder to exceed his/her Credit Limit the Cardholder shall continue to remain responsible for the discharge of all Card Charges and liabilities incurred by it pursuant to this Agreement.ģ.3 If a Cardholder exceeds the assigned Credit Limit without the prior agreement of the Bank, the Bank may at its sole discretion cancel the Card immediately without notice to the Cardholder and all amounts outstanding in the Card Account shall become immediately due and payable by the Cardholder to the Bank.ģ.4 If a Cardholder exceeds the assigned credit limit, the Bank shall charge a Overlimit Fee to the Card Account at a rate set out in Schedule of Fees and Commissions.ģ.5 Upon the Principal Cardholder’s request, the Bank may, at its sole discretion, issue a Supplementary Card(s) and PIN(s) subject to this agreement.
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