Credit Card Terms And Conditions
Account: A credit/charge Card Account held with the Bank by the Cardholder from which the Cardholder authorises payments to be made against all Charges incurred through the Card.
Deposit: The amount in cash (if any) placed with us as Security for the performance of your obligations relating to your Card Account.
Minimum Payment: The amount specified in the Statement of Account, as the amount that you are required to pay on or before the Payment Due Date, in order to keep the Card active.
Payment Due Date: The date specified in the Statement of Account, by which date you must pay the present balance or any part thereof or the minimum payment.
Present Balance / Outstanding Balance: The total debit balance (inclusive of all Charges and fees which shall be debited to the Card Account) outstanding on the Card Account, payable to us in accordance with our records on the date the Statement of Accounts issued.