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 ?
Ultimate Platinum Card is the only gift choice for people looking to give the gift of true exclusivity," states Scott Wallace, East Coast Defender Co-Owner.
He was entitled to the platinum card that gives him a 15% discount.
If you don't earn enough to qualify for a gold or platinum card, then Capital One also offers a standard No Hassle card which charges the same rate.
Today, American Express announced a series of new SoulCycle offers for Platinum Card Members.
The holders of Krungsri JCB Platinum Card can get exclusive benefits such as several airlines' mileage in exchange for their credit card points, triple points by card spending in Japan, and cash back benefits at selected restaurants in Thailand and Universal Studios Japan.
M2 EQUITYBITES-October 12, 2015-American Express signs agreement with Hilton Worldwide for Hilton HHonors status to Platinum card members
In addition to the newly added Platinum Card and Select Card levels, according to the corresponding member level travel features, many innovative new benefits shall be added including opportunities for free upgrades, mileage credit, VIP qualification status gifts for friends and family and so on, with a view to sharing the frequent flyer program of Hainan Airlines, Grand China Air, Tianjin Airlines, Hong Kong Airlines, Lucky Air, and Capital Airlines to provide services that are better suited to demands.
Subprime lender Credit One (NASDAQ: COFI) spurred this week's rate change by introducing a lower minimum APR to its Credit One Visa (NYSE: V) Platinum card.
To be eligible for the cash back, customers must apply for, collect and use the card, spending at least QR3,600 for the Gold card or QR7,200 for the Platinum card within the first 30 days of receiving the card.
With the platinum card, for instance, card holders earn 4,000 Skywards Miles for a minimum monthly spending of Dh6,000; 6,500 Skywards Miles for minimum monthly spending of Dh16,000 and 10,500 miles for minimum monthly spending of Dh23,000.
With the Platinum Card, for instance, card holders earn 4,000 Skywards Miles for min monthly spent of AED 6,000; 6,500 Skywards Miles for min monthly spent of AED 16,000 and 10,500 Miles for min monthly spent of AED 23,000.