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 ?
To better isolate supply from demand considerations, we consider only individuals currently without a bankcard who obtain one or more bankcards in the next quarter and measure these individuals' credit limits at that particular point in time only (as opposed to also in future quarters; see the last part of "Robustness Checks and Further Results" section for an exception).
Cardholders who had adverse experiences were more likely to have a negative opinion of bankcards than cardholders who did not have adverse experiences.
Table 3--Number of bankcards per MasterCard region (millions) FY2004 Growth FY2004 Growth Worldwide Cards (Millions) 679.5 8.6% 625.5 5.8% South Asia, Middle East, Africa 12.7 29.8% 9.8 26.4% Asia Pacific 131.8 8.4% 121.6 8.5% Europe 111.6 11.6% 100.0 14.9% Latin America 57.0 19.5% 47.7 7.4% Canada 28.5 7.1% 26.6 9.7% United States 337.8 5.6% 319.8 1.3% Table 4--Acceptance locations per region per MasterCard region (millions) FY2004 Growth FY2004 Growth Worldwide Cards (Millions) 24.6 9.8% 22.4 12.7% South Asia, Middle East, Africa 0.5 15.1% 0.5 14.1% Asia Pacific 8.8 13.6% 7.7 12.4% Europe 7.1 3.4% 6.9 13.8% Latin America 1.9 8.4% 1.7 9.8% Canada 0.7 13.5% 0.6 -0.2% United States 5.6 12.0% 5.0 14.2% * Acceptance Locations include Merchant Locations, ATMs and Manual Cash Locations.
According to the 1998 Survey of Consumer Finances, 68% of American families have bankcards, and half of families have store cards (Durkin 2000).
It also provides, where appropriate, further analysis based on whether the petitioner is a homeowner or renter, whether the petition is being filed by one spouse or both, and whether they have bankcards.
Minsk citizens and visitors of the capital can now pay for a single journey in the Metro using their Visa payWave and MasterCard PayPass bankcards or other NFC devices connected to the cards.
The move is intended to allow customers to make NETS payments through their mobile phones instead of using their physical NETS ATM bankcards.
It contained a black Samsung E900 mobile phone as well as bankcards and cash.
Along with the rapid economic and banking development of Macao, self-service banking has been continuously optimised and the use of Mainland bankcards has become increasingly popular in Macao.
Bankcard lending is on the rise, with new bankcards up 21.1%, with one in 17 consumers opening at least one bankcard (compared with one in 21 consumers in 2013)
Previously, Botta was vice president, National Sales at PreCash, a systems provider that enables consumers to turn their cash into electronic payments and branded bankcards.
Open payment lets riders pay with the contactless bankcards already in their wallets, as well as NFC-enabled mobile devices, with a simple tap on fare readers.