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 ?
The company released this statement: "Mandarin Oriental can confirm that the credit card systems in an isolated number of our hotels in the US and Europe have been accessed without authorisation and in violation of both civil and criminal law.
Available at more than 40,000 retailers nationwide, including Wal-Mart, Walgreens, CVS/Pharmacy, Rite Aid, Radio Shack, Kroger, Ralphs, Food4Less and Fred Meyer, MoneyPak is a reload and payment solution that empowers consumers who don't use conventional banking and credit card systems with electronic cash payment options.
Our decision to sell Instreamline is based on this above factor and the fact that Piraeus Bank must continue to focus on its core business of banking while allowing an industry expert such as Euronet to manage its ATMs, POS and credit card systems," said Mr.
Now we can serve up targeted advertisement and products to the traffic by interests, language, and credit card systems they would pay through, etc.
Eurotech's encryption technology demonstration programs have expanded to include secure firewall and secure credit card systems to complement its highly secure communications encryption technology.
The commerce server also interacts with Credit Card systems and prepaid systems, provides e-wallet services and supports micro-payments.
In addition to this new service, BCR also uses Euronet's Integrated Transaction Management, ATM Management, Point-of-Sale (POS) Management, Debit Card and Credit Card systems.
By using the FEDS Asia solution and combining it with MEPS and our own credit card systems we are now able to offer our customers a secure, efficient and easy to use Internet credit card payment solution that will establish UOB Malaysia as the leading Internet merchant bank in the country.

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