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 ?
CreditCards.com, whose report took a wider look at the debt burden by state--measuring debt against household income.
The lack of texts is surprising because Visa- and MasterCard-branded cards are required to let cardholders opt-in to receive alerts via text messages (as of October 2016 and April 2017, respectively), CreditCard.com said in a prepared statement.
In addition, the CreditCard Modem 56-GlobalACCESS provides CountrySelect software for easy connections worldwide and features AMPS cellular and GSM capabilities.
The CreditCard GPRS system will be available in 3Q'2001, priced at approximately GBP312.
There's no way of telling where these tickets will end up." Thugs need just a passport and creditcard to enter a ballot for up to four tickets to next year's finals in Germany.
But it added 404,000 creditcard customers, a 22% increase on last year.
Call the Tickets Scotland creditcard hotline on 0870 333 1123 or visit www.tickets-scotland.com or www.cpllive.co.uk
Go online at mirror.co.uk/pools or telephone 0800 622 249 and pay by debit or creditcard.
THE Goldfish creditcard is setto be snapped up by Morgan Stanley for pounds 1billion The deal with Goldfish owners Lloyds TSB is expected to be completed by February.
<strong>See CreditCard.com's Oct 15 report with links to available cards </strong><a href="http://www.creditcards.com/press-releases/CreditCards-Weekly-Credit-Card-Rate-Report-October-15-2009.php"><strong>here</strong></a><strong>.</strong>
Ted Rossman, an analyst with CreditCards.com, said Mastercard is likely motivated to be viewed more as a "technology company" than a simple "card company."