credit card

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Related to credit card: discover, American Express

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 ?
Co-Branded Credit Card Programs: Issuer by Partner Segment, 2015
Credit card companies are also beginning to require a signature for contactless purchases of more than $25.
Credit cards are especially dangerous because of the business practices of credit-card companies.
As law enforcement became more aware of the identity of the known credit card thieves, new perpetrators, or "fresh faces," have begun to actually pass the cards in the casinos.
Over the past several years, pricing practices in the credit card market have changed significantly.
If you don't have any luck there, try a secured credit card.
And when my out-of-pocket money was depleted, I went to the credit cards.
In 1987, the alumni association and Peoples Bank & Trust (Peoples Bank) entered into an agreement under which the bank issued affinity credit cards featuring the University.
In recent congressional testimony, he skewered "the serious institutional pathology of credit card issuers who encourage consumers to pile up debt.
Costs of acquiring individual credit card accounts from a third-party originator (see Issue no.
In February, South Korean banks estimated that nearly 8 percent of credit card bills in the country were outstanding for a month or more, roughly double the percentage in the United States, and last year South Korea suffered its largest number of personal bankruptcies ever.
When she entered the debt program in 1993, Viricel had 24 credit cards demanding $700 in monthly payments.