Are cardholders allowed to transfer their card privileges to others?

Get ready for the US Bank Cardholder and Approving Official Exam. Study with flashcards, multiple choice questions, and detailed explanations. Prepare effectively and succeed!

Cardholder privileges are considered non-transferable due to security and accountability reasons. When a cardholder is issued a card, they are specifically entrusted with the responsibility of managing and utilizing that card for official expenses. Allowing transfers could lead to unauthorized use or expenses outside of established guidelines and could complicate tracking and accountability measures that are crucial for financial oversight.

This non-transferable policy helps ensure that the cardholder remains accountable for all transactions made with the card. Additionally, it minimizes risks associated with misuse or fraudulent activities that could arise if privileges were freely transferable. Thus, maintaining the integrity and security of the card program is paramount, supporting the decision that cardholder privileges should not be transferred to others under any circumstances.

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