Regulation 10

the sending or giving of a credit card or charge card (referred to in this regulation as a replacement card) by a card issuer to an individual in the renewal or replacement of a credit card or charge card —

which has been reported as lost or damaged;

which has been invalidated on suspicion of any fraud involving the credit card or charge card; or

the validity period of which is due to expire,where the replacement card is of the same kind as the credit card or charge card so renewed or replaced;

the sending or giving of a credit card or charge card (referred to in this regulation as an additional card) by a card issuer to an individual who is already the holder of a credit card or charge card (not being a supplementary credit card or supplementary charge card) issued by the card issuer, if —

the card issuer discloses to the individual the fees, interest and charges (including late payment charges) and terms of use associated with the additional card;

the individual is not liable for any amount charged to the additional card until the individual has communicated his acceptance of the terms of use associated with the additional card to the card issuer in writing;

no additional credit is granted in respect of the additional card to the individual over and above the individual’s existing aggregate credit limit; and

the conditions set out in sub-paragraphs (ii) and (iii) are communicated to the individual at or before the time of the sending or giving of the additional card;

the sending or giving of a supplementary credit card or supplementary charge card (referred to in this regulation as an additional supplementary card) to an individual who is already the holder of a supplementary credit card or supplementary charge card issued in respect of the same principal cardholder by the card issuer if —

the card issuer discloses to the principal and supplementary cardholders the fees, interest and charges (including late payment charges) and terms of use associated with the additional supplementary card;

the principal and supplementary cardholders are not liable for any amount charged to the additional supplementary card until both the principal and supplementary cardholders have communicated their acceptance of the terms of use associated with the additional supplementary card to the card issuer in writing;

no additional credit is granted in respect of the additional supplementary card to the supplementary cardholder over and above the aggregate of the credit limits of the supplementary credit cards and supplementary charge cards already issued by the card issuer in respect of the same principal cardholder to that supplementary cardholder; and

the conditions set out in sub-paragraphs (ii) and (iii) are communicated to the principal and supplementary cardholders at or before the time of sending or giving of the additional supplementary card; or

the sending or giving of a credit card or charge card (referred to in this regulation as a substitute card) by a card issuer to an individual in substitution for a credit card or charge card for the sole purpose of enhancing the security features of the card substituted, where the substitute card is of the same kind as the card substituted.

obtain —

an indication from the individual of his preferred credit limit for that credit card or charge card or his preferred aggregate credit limit, in a document signed by him; or

in the case of a guaranteed credit card or guaranteed charge card, indications from both the individual and his guarantor, in documents signed by each of them, of their preferred credit limit for that guaranteed credit card or guaranteed charge card; and

obtain —

in the absence of a preferred credit limit or a preferred aggregate credit limit indicated pursuant to sub-paragraph (a)(i), before the credit card or charge card is issued, the consent of the individual in a document signed by him, for the amount of the credit limit or aggregate credit limit to be granted; or

in the absence of a preferred credit limit indicated by the individual or the guarantor, as the case may be, pursuant to sub-paragraph (a)(ii), before the guaranteed credit card or guaranteed charge card is issued, the consent of the individual or his guarantor, as the case may be, in a document signed by him, for the amount of the credit limit to be granted.

an individual shall be deemed to have consented to the credit limit or aggregate credit limit granted if he had agreed, in a document signed by him, to a credit limit or aggregate credit limit which was more than what was granted; or

in the case of a guaranteed credit card or guaranteed charge card —

an individual shall be deemed to have consented to the credit limit for that guaranteed credit card or guaranteed charge card granted if he had agreed, in a document signed by him, to a credit limit which was more than what was granted; and

a guarantor shall be deemed to have consented to the credit limit granted for that guaranteed credit card or guaranteed charge card, if he had agreed, in a document signed by him, to a credit limit which was more than what was granted.

in the case of a credit card or charge card that is not a guaranteed credit card or guaranteed charge card, that is greater than the preferred credit limit or preferred aggregate credit limit, as the case may be, the individual has indicated or consented to pursuant to paragraph (5)(a)(i) or (b)(i), as the case may be; and

in the case of a guaranteed credit card or guaranteed charge card, that is greater than the lower of the following:

the preferred credit limit indicated or consented to by the individual pursuant to paragraph (5)(a)(ii) or (b)(ii), as the case may be;

the preferred credit limit indicated or consented to by the guarantor pursuant to paragraph (5)(a)(ii) or (b)(ii), as the case may be.