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 ?
Thus, CreditCard.com computes its poor ranking in its burden.
Outfitting children to participate in sports comes with a hefty price tag, according to CreditCards.com.
The increase in fraud alerts corresponds with an increase in card fraud, according to CreditCard.com.
"There doesn't seem to be much middle ground when it comes to Americans' financial worries," said Matt Schulz, CreditCards.com's senior industry analyst.
The number of consumers using CreditCards.com's personalized services, including WalletUp and My.CreditCards grew to 180,000, up over 70% compared to 2014.
"The biggest change over the past eight years has been the steady increase in the number of people losing sleep over educational expenses," says Matt Schulz, CreditCards.com's senior industry analyst.
In addition to age verification, wineries utilizing the program can access low-cost merchant processing of credit card sales and complex database analysis services through creditcards.com, AVA's service provider.
"Cash back is a great starting point because it's so simple," said Ted Rossman, an industry analyst at CreditCards.com.
Specifically, 81% of Americans polled by CreditCards.com did not know enough about the new Consumer Financial Protection Bureau to have an opinion about it, even though the five-year-old agency has collected refunds for 27 million people.
BANKING AND CREDIT NEWS-July 18, 2016-Credit One Bank partners with Chip Ganassi Racing, CreditCards.com to sponsor car at NASCAR races
M2 EQUITYBITES-July 18, 2016-Credit One Bank partners with Chip Ganassi Racing, CreditCards.com to sponsor car at NASCAR races
Time limit for receipt of requests for documents or for accessing documents: 28.4.2015 Payable documents: yesPrice: 3 500 ISKTerms and method of payment: All major creditcards.