When and if you decide to argue this with them would you let me know so I'm able to watch. You're statement may be correct however I'm sure it would/could quickly come down to them out dollaring you with lawyers
Bill,
If a situation arises where the CBA, who is the credit provider in this case, accuses me of using my credit card for business transactions, I believe it is very unlikely that this will lead to a legal confrontation with CBA lawyers.
According to clause#7 of Woolworths Ezy MasterCard terms and Conditions of Use dated January 2003 “you can only use it for your own personal, domestic or household purposes”.
If a credit cardholder were in default under this Condition of Use the credit provider in most circumstances would give you notice in writing demanding you to fix the default.
Then if you don’t fix the default in the time allowed by the notice, the most likely action would be. Termination of your credit card contract, cancellation of all the points you accumulated through business purchases and you would be required to reimburse the bank the costs of awards already issued.
The banks are aware that the majority of people are using their credit cards to make business transactions, but for the bank to determine whether a particular transaction is personal, domestic, household or business, may be difficult or impossible to prove, costly and not worth the exercise. For example, if a person purchases a Staedtler HB pencil and a ream of Reflex paper from OfficeWorks. Would the bank consider this transaction a personal or business purchase? The bank really has no way of knowing whether the transaction is personal or business. For the bank to enforce clause#7 of the Conditions of Use it has to first prove the transaction was a business purchase.
In addition, the bank reserves the right where it believes that a business transaction has been made using a personal credit card to exercise its discretion in enforcement of clause#7 and #31 of the terms and Conditions of Use.
People place to much emphasis on the bank's Terms and Conditions, they're important, but nowhere near as important as a good business relationship.
Sheriff