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 ?
He was entitled to the platinum card that gives him a 15% discount.
Gold and platinum cards may look the most impressive, but you usually have to earn a minimum annual income of at least pounds 20,000 to be eligible for one.
The Platinum Card Concierge Gift Buying Service is an extension to the Platinum Card Concierge, a benefit available to Platinum Cardmembers year round.
Platinum card holders can enjoy 10% discount of gate ticket and hotel and gold classic card holders 5% discount.
Our members deserve the best -- that's what they will find with the Visa Platinum card, featuring a terrific new rewards program.
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.
Designed to suit the lifestyle of its distinguished customers, the Visa Platinum card from Burgan includes exclusive discounts and privileges in addition to free valet parking at selected venues and shopping malls in Kuwait.
Jordan-based Investbank has launched its Visa Platinum card, in an effort to provide an extensive array of exclusive financial products and benefits that cater to a select target group.
Travel Business Review-December 2, 2010--American Express Offers New Benefits to Platinum Card Members(C)2010] ENPublishing - http://www.
Expanding the platinum card base would be a key long-term focus for the bank.
Also Platinum Card owners will earn 75,000 miles and Platinum Plus Card holders will get 100,000 miles.