Typical Terms and Conditions

The typical terms and conditions that apply to credit cards vary between deals and providers, so you should refer to your own credit card's terms and conditions leaflet to find out which will apply in your personal circumstances. However, many credit cards will have the same typical terms and conditions that you should bear in mind.

Firstly, credit cards are regulated by the Consumer Credit Act 1974. This ensures that you are protected if anything goes wrong, for example if there are fraudulent payments charged to your account, or if an online shop does not deliver the goods you purchased. For more details see Consumer Credit Act.

The terms and conditions booklet will outline:

 

In addition, you must usually follow a set of general terms and conditions, such as informing your card provider if you change your name, address or telephone number. Additionally, there are usually minimum age and credit limits, for example most credit card providers will require that you are at least eighteen years of age and are entitled to a minimum credit limit of five hundred pounds.