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Credit Card
(redirected from Bankcards)

    Also found in: Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Credit card
Any card, plate or coupon book that may be used repeatedly to borrow money or buy goods and services on credit.
Credit Card
A card entitling the owner to use funds from the issuing company up to a certain limit. The holder of a credit card may use it to buy a good or service. When one does this, the issuing company effectively gives the card holder a loan for the amount of the good or service, which the holder is expected to repay. Most credit cards have variable and relatively high interest rates on these loans. Credit cards also have a limit, which may be raised or lowered depending on the creditworthiness of the card holder. Most analysts recommend treating a credit card as a short-term loan, as allowing the interest to compound for too long may result in dire financial straits.


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? Mentioned in ? References in periodicals archive
 
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.
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Marketing moves like these help the cards get deeper into segments of the population in Brazil and Mexico that previously did not use bankcards.
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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.
The Opening of China's Banking Sector to Foreign Competition Has ... by Business Wire
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