Credit Card: A credit card is a card issued by a financial company giving the holder an option to borrow funds, usually at point of sale . Credit cards charge interest and are primarily used for ...
Credit card definition is - a card authorizing purchases on credit. How It Works. Credit cards have a maximum amount -- or credit limit-- the user can borrow during a given period.The credit limit is pre-determined by the card issuer based on the cardholder's credit rating and credit history.. When an individual uses a credit card to make a purchase, he or she is authorizing the credit card .....
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts plus the other agreed charges.
A credit card is the most common way to access a line of credit. Usually issued by a bank or financial services company, credit cards allow account holders to make purchases on credit without ...
Define credit card. credit card synonyms, credit card pronunciation, credit card translation, English dictionary definition of credit card. n. A plastic card having a magnetic strip, issued by a bank or business authorizing the holder to buy goods or services on credit. Also called charge card ....
Credit cards are a convenient substitute for cash or check, and an essential component of electronic commerce ... Dictionary Term of the Day Articles Subjects BusinessDictionary Business Dictionary Dictionary Toggle navigation ... Definition + Create New Flashcard; Related Terms.
Credit card. A credit card is a payment card that is accepted by merchants, and which can be read at the point of sale. Credit cards offer revolving lines of credit to cardholders, which means they have the ability to pay balances over time.
Secured Credit Card: A type of credit card that is backed by a savings account used as collateral on the credit available with the card. Money is deposited and held in the account backing the card ...
Debit cards offer the convenience of a credit card but work in a different way. Debit cards draw money directly from your checking account when you make the purchase. They do this by placing a hold on the amount of the purchase. Then the merchant sends in the transaction to their bank and it is transferred to the merchant's account.
credit card definition: 1. a small plastic card that can be used as a method of payment, the money being taken from you at a later time 2. a small plastic card that you can use to buy something and pay for it in the future 3. a small plastic card that can be used to buy goods or services and then pay…. Learn more.