Legal responsibility to repay debt. Generally, a cardholder agrees to be liable for any charges to his or her account, including purchases, fees and finance charges. If the cardholder allows someone else to make charges to his or her account, the cardholder is still accountable for paying the bill. Two people applying together for a card may both be responsible for the entire balance and thus share liability. Your liability is described in your cardholder agreement.

Skip to toolbar