Cards Terms & Condition

TERMS AND CONDITIONS
These terms and conditions comprise the Agreement between Blip Limited (hereinafter referred to as “the Issuer”) of Plot A10, Persian Garden Estate, Lokogoma, FCT-Abuja, Nigeria and the Customer, (hereinafter referred to as “the Cardholder”). The parties have agreed that the relationship shall be governed by the terms and conditions set out hereunder.

DEFINITIONS
Account means the account maintained for the Cardholder in connection with the use of the Card. Account Holder means an individual, entrepreneur, corporate or non-corporate in whose name an Account is maintained. Balance means the level of indebtedness of the Cardholder, comprising all transactions, fees and interest (finance) charges. Card means any credit card including any additional or renewed card supplied by the Issuer from time to time under this agreement, and “Card Number” means the identifying number on the Card. Cardholder means the possessor of the Card and/or persons having power alone to utilize the Card in accordance with the Issuer's mandate. CBN means Central Bank of Nigeria. Conditions mean these or any other conditions of use from time to time in force. Credit Limit means the maximum debit balance allowed on the Cardholder's Account. Interest Rate means the relevant Interest Rate stated as varied by the Issuer from time to time. Direct Debit Mandate is the instruction the cardholder has executed to instruct the Issuer to take money from his account to settle his outstanding balance monthly. PIN means the Personal Identification Number the Issuer issues for use with a Card. Principal Cardholder means the Cardholder, and “Additional Cardholder” means any other person or persons to whom or for whose use the Issuer supplies a Card at the Cardholder's request. Statement means any statement of transactions sent to the Cardholder in accordance with the Conditions. Transaction means any payment for goods or services obtained by the use of the Card or Card Number or PIN. Card Account means the Issuer shall open a Card Account in the Cardholder’s name under its agreement.

VARIATIONS OF CONDITIONS
The Issuer may vary all or any of these Conditions at any time by giving the Cardholder 20 days' prior written notice if and when it becomes necessary or appropriate to do so in order to comply with legal, fiscal or regulatory requirements, to reflect alterations in the nature and extent of the service which the Issuer is able to provide to the Cardholder having regard to its systems’ capabilities, to market practice and to the level of customer demand, to reflect any corporate amalgamation or reconstruction which affects the Issuer or to rectify errors, inconsistencies, ambiguities or omissions in them.See more