What may happen if a cardholder consistently exceeds spending limits?

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

When a cardholder consistently exceeds spending limits, the most likely consequence is disciplinary action or the revocation of their card. This is designed to maintain financial integrity and accountability within the program. Exceeding limits can indicate a lack of control over expenditures, which can lead to budgetary issues for the organization. Consequently, organizations must enforce spending limits to promote responsible financial practices and ensure compliance with budgetary restrictions. The potential for disciplinary action serves as a deterrent, encouraging cardholders to adhere to established spending guidelines.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy