The card member agreement provides the terms and conditions of a credit card account. This agreement is required by federal law as a consumer disclosure. It also represents a binding agreement between card issuers and their customers. It must include the annual percentage rate, the monthly minimum payment formula, annual fees and dispute resolution [..]

The card member agreement is a binding agreement which outlines the terms and conditions of a card holder's account. Federal law requires financial institutions to disclose all related financial formulas for using a credit card as well as resolution practices.