What is Section 75 (credit card chargeback)?

Section 75 of the Consumer Credit Act 1974 makes a credit-card issuer jointly and severally liable with the trader for a breach of contract or misrepresentation, for goods or services costing £100-£30,000. Cardholders can claim from the issuer if the supplier refuses to refund or has ceased trading. Debit-card "chargeback" is a separate, voluntary card-scheme right with weaker statutory backing.