A credit card is a thin rectangular slab of plastic issued by a financial company, that lets cardholders borrow funds with which to pay for goods and services. Credit cards impose the condition ...
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.
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 .....
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.
The amount of a credit card line of credit, usually called a credit limit, is determined by the card holder’s credit score and income. When the credit card holder pays her statement balance off ...
Definition of credit card: Standard-size plastic token, with a magnetic stripe that holds a machine readable code. ... Credit cards are a convenient substitute for cash or check, ... Credit card holders (who may pay annual service charges) draw on a credit limit approved by the card-issuer such as a bank, store, or service provider (an airline ...
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.
Credit cards are a way to borrow money from a financial institution, while debit cards are a way to instantly take cash from your bank account in place of a check or auto draft (this is why debit cards are also called "check cards." For example, if you have $100 in your checking account, and you use your debit card to buy $25 worth of groceries ...
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.
CreditCards.com credit ranges are derived from FICO® Score 8, which is one of many different types of credit scores. If you apply for a credit card, the lender may use a different credit score when considering your application for credit.