The Credit Card Responsibility Agreement is a fundamental document used in Pakistan's banking sector when issuing credit cards to customers. It serves as the primary legal framework governing the relationship between the card issuer and cardholder, ensuring compliance with State Bank of Pakistan regulations and local banking laws. This agreement is essential when establishing new credit card accounts, detailing credit limits, interest calculations, payment obligations, and default consequences. It incorporates provisions for both conventional and Islamic banking products, reflecting Pakistan's dual banking system. The document is designed to protect both the financial institution's interests and consumer rights, while adhering to Pakistani consumer protection laws and anti-money laundering regulations. Regular updates may be required to reflect changes in banking regulations or State Bank of Pakistan directives.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies the credit card issuer (bank/financial institution) and the cardholder with complete details
2. Background: Brief context about the credit card facility being offered and the purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement including 'Credit Limit', 'Billing Cycle', 'Statement Date', etc.
4. Card Issuance and Usage: Terms governing the issuance of the credit card and authorized usage parameters
5. Credit Limit: Details about the assigned credit limit, limit review process, and temporary limit increases
6. Fees and Charges: Comprehensive breakdown of all applicable fees, charges, and interest rates
7. Billing and Payment: Terms regarding billing cycles, statement generation, payment methods, and due dates
8. Cardholder Obligations: Primary responsibilities of the cardholder including security, authorized use, and reporting requirements
9. Bank's Rights and Obligations: Rights and responsibilities of the issuing bank including service standards and security measures
10. Security Features: Details about card security features and fraud prevention measures
11. Default and Consequences: Conditions constituting default and resulting consequences including card suspension/cancellation
12. Dispute Resolution: Procedures for raising and resolving transaction disputes and other disagreements
13. Termination: Terms and procedures for agreement termination by either party
14. Governing Law: Specifies Pakistani law as governing law and relevant jurisdiction
1. Supplementary Cards: Terms for additional cards linked to the primary account, used when supplementary cards are offered
2. Rewards Program: Details of any rewards, cashback, or loyalty program, included if the card includes such benefits
3. Insurance Coverage: Terms of any insurance coverage provided with the card, included if insurance benefits are offered
4. International Usage: Additional terms for international transactions, included if the card can be used internationally
5. Balance Transfer: Terms for balance transfer facility, included if this feature is offered
6. Installment Plans: Terms for converting purchases into installment plans, included if this feature is available
7. Digital Services: Terms for mobile/internet banking services related to the credit card, included if digital services are offered
1. Schedule of Fees and Charges: Detailed breakdown of all fees, charges, interest rates, and penalties
2. Schedule of Services: List of all services, features, and benefits associated with the credit card
3. Credit Card Terms Matrix: Summary table of key terms including credit limits, payment requirements, and interest rates
4. Reward Program Rules: Detailed rules and terms of any associated reward program
5. Dispute Resolution Procedures: Step-by-step procedures for dispute resolution and complaint handling
6. Required Documents Checklist: List of documents required for credit card application and verification
Find the exact document you need
Overcontract
A Pakistani law-governed supplementary agreement that modifies an existing contract while keeping the original framework intact.
Download
Current Account Agreement
A comprehensive agreement governing current account operations between banks and customers in Pakistan, subject to Pakistani banking laws and State Bank regulations.
Download
Tripartite Agreement For Escrow Account
A Pakistani law-governed agreement between three parties establishing an escrow account arrangement, detailing fund management and release conditions.
Download
Bookkeeping Agreement
A Pakistani law-governed agreement establishing terms for professional bookkeeping services, including scope, fees, and compliance requirements.
Download
Credit Card Responsibility Agreement
A Pakistani law-governed agreement establishing terms and conditions between a financial institution and credit card holder, compliant with State Bank of Pakistan regulations.
Download
Business Account Agreement
A Pakistani law-governed agreement establishing terms and conditions for business banking accounts and services between a bank and business entity.
Download
Accounts Receivable Agreement
A Pakistani law-governed agreement for the transfer or management of accounts receivable, detailing terms of assignment, collection, and party obligations.
Download
Bank Account Pledge Agreement
A Pakistani law-governed agreement establishing a pledge over bank account(s) as security for financial obligations.
Download
Account Control Agreement
A Pakistani law-governed agreement establishing control over bank accounts between an account holder, secured party, and bank, facilitating secured financing arrangements.
Download
Blocked Account Control Agreement
A Pakistani law-governed agreement establishing control arrangements over a blocked bank account between an account holder, bank, and secured party.
Download
Savings Account Agreement
A Pakistani law-governed agreement establishing terms and conditions for operating a savings account between a financial institution and account holder, compliant with State Bank of Pakistan regulations.
Download
Deposit Account Agreement
A Pakistani law-governed agreement establishing terms and conditions between a bank and account holder for operating a deposit account, compliant with State Bank of Pakistan regulations.
Download
Bank Account Agreement
A Pakistani law-governed agreement establishing terms and conditions between a bank and account holder(s) for operating a bank account.
Download
Account Management Agreement
A Pakistani law-governed agreement establishing terms for professional account management services between financial institutions and their clients.
Download
Joint Account Agreement
A Pakistani law-governed agreement establishing the terms and conditions for operating a joint bank account between multiple account holders and a banking institution.
Download
Account Opening Agreement
A Pakistani law-governed agreement between a bank and account holder establishing terms for opening and maintaining a banking account, compliant with SBP regulations.
Download
Certificate Of Deposit Agreement
A Pakistani law-governed agreement establishing terms for a fixed-term deposit between a financial institution and depositor, compliant with State Bank of Pakistan regulations.
Download
Account Receivable Purchase Agreement
Pakistani law-governed agreement for the purchase of accounts receivable, establishing terms between seller and purchaser with local regulatory compliance.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)