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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
[USPRwire, Sun Nov 29 2015] Timetric's "Brazil Cards and Payments: Key Trends & Drivers, Emerging Consumer Attitudes and Credit Card Growth Prospects to 2019: Market Profile" provides market analysis, information and insights into the credit card market in Brazil, including:
"The new credit card is another example of how we consider customer needs when we develop products, which are designed to engage customers by providing real tangible benefits.
o Almost a third (31 percent) of those surveyed have four or more credit cards, and an equal amount also use their credit cards very often for purchases.
If, on the other hand, a merchant is equipped to use chip technology, but the credit card company hasn't issued a smart card to the customer, the credit card company will be liable for any fraudulent transactions that occur where the card is presented for payment.
For results based on the total sample of 765 credit card owners, the margin of sampling error is 4 percentage points at the 95% confidence level.
The association, which used a combination of Bank of England figures and its own research, said outstanding balances on credit cards in the UK fell from PS65.8bn in 2008 to PS56.9 billion last month.
With the growth of multiple credit card systems, the issuance and processing had become a daunting task too large for individual financial institutions to handle.
The Credit CARD Act precluded credit-card issuers (with minor exceptions) from retroactively raising interest rates on existing balances--unless the cardholder is more than 60 days late.
Rewards cards continue to account for a greater share of credit card spending and account for more than 60 percent of all originations, signaling that rewards factor significantly in consumers' choice of credit card.
A prepaid Visa (NYSE:V) or Mastercard (NYSE:MA) can provide you with the convenience of using a credit card without the responsibility of having a credit card.