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 ?
Moreover, if you have a Yes Bank credit card, you can get an additional 10 percent cashback.
Gulf Bank Credit Card Customers can enjoy instant discounts of up to 20% at over 300 reputed and renowned restaurants and coffee shops in Kuwait.
M2 EQUITYBITES-February 9, 2017-Old Point National Bank joins TCM Bank credit card agent program
Customers spending a total of QAR 10,000 or more using their Commercial Bank Credit Card during the campaign period ending 31 December were automatically entered into a prize draw.
With immediate effect, United Arab Bank credit card customers can walk into any of the 120 E branches spread across the UAE for their credit card payments, a statement said.
I have been a RAK Bank credit card holder since 2011 and it is extremely disappointing to see how the bank handles its credit card customers - even those who have an unblemished track record - both in billing and payment.
For many years, bank credit card operations were only marginally profitable, despite interest rates comparable to those on store cards, as start-up and operating costs per dollar of receivables were relatively high and a sizable proportion of cardholders remained "convenience users," paying balances in full each month and thereby avoiding finance charges.
The Snapdeal HDFC Bank credit card was launched in August 2016.
Now all Pan Asia Bank credit card holders will not only be able to easily pay their credit card bills at a location convenient to them but also do so on weekends and holidays.'
Tribune News network Doha Doha Bank recently launched a Global Cashback programme, offering up to 30 percent savings on each purchase made with Doha Bank credit card, the bank announced in a statement on Monday.
Gulf Points are earned for each and every transaction made with a Gulf Bank credit card; the more a customer spends on their credit card, the more points they will earn.
I have been a RAK Bank credit card holder since 2011 and it is extremely disappointing to see how the bank handles its credit card customers -- even those who have an unblemished track record -- both in billing and payment.