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



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