Which of the following is NOT a responsibility of the cardholder?

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

The responsibility of approving transactions typically falls to the Approving Official (AO) rather than the cardholder. The primary role of the cardholder is to make purchases in compliance with established guidelines and maintain proper records of those transactions. This includes following US Bank purchasing policies and ensuring that they are using the card responsibly and within the limits set forth by their organization.

Maintaining transaction records is an essential duty for cardholders, as this ensures transparency and accountability in their spending. Additionally, cardholders must report any lost or stolen cards promptly to protect against unauthorized use. By focusing on these responsibilities, cardholders help maintain the integrity of the card program and assist in safeguarding public resources.

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