credit card

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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.

credit card

a card issued by a financial institution (mainly COMMERCIAL BANKS and BUILDING SOCIETIES), which can be used generally to purchase goods and services on CREDIT up to an agreed limit, or, for example, by a retail group for in-house purchases only. Credit cards are a convenient way of making purchases and many issuers provide the facility interest-free, provided clients pay off the outstanding balance in full when due. In the UK, retailers pay the credit card companies, on average, around 2% commission to participate in the credit card schemes and may pass on this charge to customers who pay for products by credit card rather than cash.

credit card

a plastic card or token used to finance the purchase of products by gaining point-of-sale CREDIT. Credit cards are issued by commercial banks, hotel chains and larger retailers. See EFTPOS.
References in periodicals archive ?
Ben Woolsey is director of marketing and consumer research for CreditCards.
com strives to help consumers make informed decisions about their credit cards in a searchable and easy to navigate setting," said Elisabeth DeMarse, CEO of CreditCards.
In fact, 42% of credit/debit cardholders would prefer to have discounts automatically applied to their payment cards, the CreditCards.
This is an issue that hits home for almost every American family as they try to figure out how to pay medical bills," said CreditCards.
Providing our customers with additional services such as those from CreditCards.
Unlike most national average changes, however, this week's change was due to a reshuffling of the cards in the CreditCards.
7, 2015 /PRNewswire/ -- Interest rates on new card offers remained cemented in place for another record-breaking week, according to the CreditCards.
One of our key objectives is always to help consumers obtain the card that best suits their needs," said Elisabeth DeMarse, CEO of CreditCards.
30, 2015 /PRNewswire/ -- Interest rates on new credit card offers remained locked in place again this week, according to the CreditCards.
Elisabeth DeMarse, president and CEO of Creditcards.
23, 2015 /PRNewswire/ -- Interest rates on new credit card offers stayed put this week, according to the CreditCards.
com site will serve as an entryway into the CreditCards.