Colorado Revised Statutes Title 5. Consumer Credit Code § 5-2-213. General-purpose credit cards--definitions

(I) Is accepted by any merchant that participates in a widely accepted payment card network and is accepted upon presentation at multiple, unaffiliated merchants for goods or services;

(II) Does not charge fees, including pre-account opening fees, which exceed fifteen percent of the credit line; and

(III) Does not include an overdraft line of credit that is accessed by a debit or prepaid card or an account number.

(I) The creditor reasonably contemplates repeated transactions;

(II) The creditor may impose a finance charge from time to time on an outstanding unpaid balance; and

(III) The amount of credit that may be extended to the consumer during the term of the plan, up to any limit set by the creditor, is generally made available to the extent that any outstanding balance is repaid.