Consumer contracts differ from commercial contracts. In general, I don`t do consumer contracts, but I couldn`t resist taking a look at the new card agreement. You can do it too — it`s here. Below are my comments on the card contract itself. (I ignored the first page, the “Card Agreement Guide.”) Most of the time, I limited my comments to how the map agreement says what it says; I didn`t think about what he was saying. The random use of different verb structures to give the same meaning is a feature of traditional contract design. There is no excuse for inflicting this kind of chaos on the new card contract. The card contract contains the following suboptimal uses: The “You agree” part is redundant: we already know that the cardholder accepts the contract! That is the purpose of a contract. This contract expresses as a notice of appreciation of cardholders (“You can ask us to add one or more authorized users to your account”), which should be Citibank`s obligation (if you ask us, we add one or more authorized users to your account). The agreements to be put in place contain general terms, prices and information on fees. They are not specific to a person`s account information. Search for an agreement: on this page you will find the tables of information on the cards and prices of the new consumer credit cards that we have recently proposed.
These card agreements are listed in alphabetical order and can also be sorted by card family. And in “federal law and South Dakota law govern the terms and application of this agreement,” do we really need “conditions and the application of this agreement” instead of “this agreement”? We include consumer credit card agreements in this database, as the respective issuers have submitted. The GFPB is not responsible for the content of the agreements, including any discrepancies between an agreement as presented in the database and the agreement, as proposed to the public, or omissions or other errors in the agreement, as presented by the issuer. Find instructions, your rights related to your credit rating and credit card protection. If you have any questions about the agreements yourself, speak directly to the card issuer. Do you really need the term “map” defined? Do you think the reader doesn`t know what`s going on if you only say “your card”? The same goes for “account.” The same goes for “buy.”