BUFI Cardholder Agreement
This BUFI Cardholder Agreement ("Agreement") is a binding agreement between you ("you") and Issuer including its affiliates, successors, and assigns ("Issuer," "we", "us," or "Our") that govern your use of the card account ("Account") provided by BUFI. The BUFI Card is provided to you on behalf of BUFI in connection with your status as a BUFI customer and pursuant to your separate User Agreement between you and BUFI (the "User Terms"). The Issuer is not a party to the BUFI User Terms and disclaims any liability for the performance of services covered therein.
Table of Contents
1. Card Program Scope
These Card Terms apply to individual consumers residing in the United States using BUFI Cards for personal, family, or household use. The card program is issued by Third National under license from Visa. The information about the cost of the Card is accurate as of the effective date and may change after that date.
2. Card Usage & Restrictions
You may use your Card and the Account for making Purchases and for obtaining Special Offers, as permitted by this Agreement and applicable law. You agree not to use, try to use, or permit use of the Card or Account for any Internet gambling transactions or any other transactions that are illegal or not permitted by us. Cash advances and balance transfers are not available under these Card Terms.
Prohibited uses include: Cash advances or ATM withdrawals; Cryptocurrency ATM deposits; Gambling or betting services; Self-payments or card cycling; Transactions designed to bypass limits or controls; Any transaction that is illegal or not permitted by us.
3. Foreign Exchange & Fees
If you make a transaction using your Account in a foreign currency (including, for example, online purchases from a merchant located outside of the U.S.), the credit card association will convert any transaction in foreign currency into U.S. dollars using an exchange rate for the applicable central processing date. Foreign Transaction Fees: up to 3% of each transaction in U.S. dollars.
4. Disputes & Chargebacks
You must promptly inspect each Statement you receive and tell us about any errors or questions you have. You must report any disputed Charge or error no more than 60 days after the disputed Charge is posted on your Periodic Statement. Disputes for unauthorized transactions must follow Visa dispute rules and Issuing Bank procedures.
5. Compliance & Monitoring
All transactions are monitored for AML, fraud prevention, and sanctions compliance. Cards may be suspended or transactions declined if risk is detected. We may restrict or delay the availability of Account credit, to protect you and us against potential fraud, unauthorized transactions, Account misconduct or misuse, or for other risk management reasons.
6. Limitation of Liability
BUFI and Issuer are not liable for declined transactions, network interruptions, issuer decisions, or losses resulting from misuse. We are not responsible to you if someone refuses to accept your Card for any reason. We may reject any transaction for any reason.
7. Governing Law & Dispute Resolution
This Agreement will be interpreted using Puerto Rican law. Federal law will be used when it applies. Any dispute arising out of or relating to this Card Agreement will be resolved through binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules, on an individual basis only. Class actions and jury trials are waived to the maximum extent permitted by law. The arbitration will be held in the English language in New York, New York.