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 ?
"This newest card product is the culmination and celebration of a partnership that has spanned almost two decades and helped expand the credit card market in the country." Says Simon Calasanz, President and CEO of RCBC Bankard, "The RCBC Bankard JCB Platinum Card offers our cardholders the best of both financial institutions, combining RCBC Bankard's innovative card products with JCB's 55 years of experience in the industry and growing global acceptance network."
The launch of the RCBC Bankard JCB Platinum card will definitely appeal to accomplished individuals who frequently travel abroad for both business and pleasure.
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.
Platinum Card Members can now visit Escape's current and future US locations for free, including existing Escape Lounge locations in Minneapolis-St.
The SBI Bank of Maharashtra Platinum Card, is a new premium offering card targeted at high income, high spending customers who seek a differentiated and relevant value proposition.
The lounge opened on May 7, and will be offering complimentary access to American Express Platinum Card members.
VIP passengers of the carrier, including business class and Platinum card holders, may obtain an Express Customs Clearance card and business class lounges when they check in at with Sydney or Melbourne Airport.
The Citibank World Money Visa Platinum Card is available in six foreign currencies, and offers facilities such as discounted shopping and exclusive offers at luxury hotels.
Rani Wahbeh, to platinum card, in gratitude for his frequent visits and loyalty to the group's outlets.
MUSCAT Eoe1/4" UAE-based United Arab Bank (UAB), National Bank of OmanEoe1/4aos strategic ally, has won the Eoe1/4Y[pounds sterling]Best New Credit Card DesignEoe1/4ao award for its Sadara Platinum Card.
Customers opting for the Platinum card can also avail of the Dh100,000 ($27,273) Free Takaful offer.