The written statement that gives the terms and conditions of a credit card account. It must include the Annual Percentage Rate, the monthly minimum payment formula, annual fee, if applicable, and the card holder's rights in billing disputes.
A written statement, required by Federal Reserve regulations, outlining the terms and conditions of the credit card account. The cardholder agreement must detail the annual percentage rate, monthly minimum payment formula, annual fee, and cardholder's rights in billing disputes. Changes can be made to the cardholder agreement, but the cardholder must be notified according to state imposed rules.