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Credit Card
(redirected from Bankcards)

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.07 sec.
Credit Card
A card allowing someone to make a purchase on borrowed money. Credit cards are one of the most popular forms of payment for consumer goods and services in the United States.

Notes:
Credit cards have higher interest rates than most consumer loans or lines of credit, so try your hardest to pay off your credit card each month.


Credit card
Any card, plate or coupon book that may be used repeatedly to borrow money or buy goods and services on credit.

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In Japan in the first three months of 2005 alone, there were over 30 cases of withdrawals on fake or illicitly procured bankcards involving amounts averaging JPY1MM (US$9,500) each.
Marketing moves like these help the cards get deeper into segments of the population in Brazil and Mexico that previously did not use bankcards.
11, 2006, foreign banks are now allowed to issue bankcards and this has resulted in a boom in bankcard-related industries such as tourism, retail and e-commerce.
 
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