credit cards

What is a cardholder agreement?


What is a cardholder agreement?

The financial term of the day is: "cardholder agreement."

When you put a new credit card in your wallet, you rely on something called your cardholder agreement to make a few important things clear. You want to know the borrowing costs, expressed as an annual percentage rate of interest. You want to know how your minimum monthly payment will be calculated, whether the card comes with an annual fee, and how billing disputes will be handled. All of this disclosure is required by the Federal Reserve and is laid out in the cardholder agreement, a little pamphlet you get from your card issuer.

Is a particular credit card really a good deal? To a large extent, that question is answered in your cardholder agreement.

To find a credit card that has what you're looking for, visit the credit cards section at



Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 16.35%  0.01 16.34%
Cash Back Cards 16.61%  0.03 16.58%
Low Interest Cards 11.61%  0.06 11.55%
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.


Credit Card Blog

Mitch Strohm

EMV chips drive thieves elsewhere

EMV chips may be doing what they were designed to do -- stop fraudsters from stealing credit card numbers. Here's thieves' next move.  ... Read more

Partner Center

Connect with us