Mastercard Issuer Agreement

For example, while the card offers a 5% cash back program for food purchases, it also requires a significant monthly fee and charges penalties if the average monthly balance falls below a certain level. Since Mia is careful to maintain relatively modest monthly expenses, she decides that she will be charged for maintaining an insufficient monthly balance. Had it not reviewed the terms of the cardholder agreement, it could have been forced to pay high and unexpected penalties. Remember that even if you`re dealing with the best reward credit cards, you should thoroughly research your options and check the cardholder agreements. The CFPB maintains a database containing credit card agreements from hundreds of card issuers. .

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