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credit card Definition

☆ credit card

noun

a card establishing the privilege of the person to whom it is issued to charge bills at certain restaurants, airlines, hotels, gas stations, etc.

credit card Synonyms

credit card

n.

plastic money, charge card, plastic, funny money, smart card, gold card.

Major credit cards include: American Express, Mastercard, Visa, Discover, Diners Club, Carte Blanche.

credit card Finance Definition

A plastic card with a magnetic strip on one side. It is used to buy goods and services, and is the means by which consumers take out small loans. The bank or financial institution issuing the credit card pays the merchant and then sends a monthly bill to the holder of the credit card. The issuer charges interest for the amount of time that the money is outstanding, although many credit cards offer a 25-day grace period during which no interest is charged.

Credit card companies often require only a very small monthly payment, which may get the consumer into debt trouble if he or she pays only the minimum monthly payment. In recent years, banks have been aggressive about pushing cash advances to their credit card customers in the form of checks that the customer can use at stores or to pay off other high-interest credit card balances. Consumers who don’t pay their credit card bill on time can incur a variety of different fees. In contrast, the cost of items purchased with a debit card is debited, or deducted, from the account of the debit cardholder at the time of purchase.

credit card Usage Examples

Converse of object

  • accept: If the company will accept credit cards for the whole job then that's even better.
  • compare: Compare the best reward credit cards and then apply online American Business Credit Cards You need a credit card to match your business needs.
  • use: Use a low interest credit card to finance small cash sums.
  • choose: If you choose credit card we will contact you by telephone for your card details prior to completing your order.
  • reward: CashBack Reward Credit Cards Get cash back on all your credit card purchases with a cash back reward credit card.

Preposition: at

time: Please note that we do not automatically debit your credit cards at time of order.

Converse of subject

make: Payments can be made by credit card if preferred, by posting a check or by taking cash to the address given.

Preposition: over

  • phone: Payment for reservations is required within three days. By credit card over the phone or in person.
  • Internet: We understand that not everyone is comfortable paying by credit card over the Internet.

Adjective modifier

  • major: Approved accounts are strictly net 30 days from date of invoice or payment by major credit cards.
  • valid: Customers must be over age 18 with a valid credit card.
  • low: Use a low interest credit card to finance small cash sums.
  • online: All resources are available via secure online credit card ordering from our online catalog.

Modifies a noun

  • issuer: Fast, easy links to UK credit card issuers.
  • debt: I always took cash, to pay off the credit card debt.
  • fraud: Unfortunately credit card fraud is becoming an increasingly worrying concern.
  • transaction: Credit Card Transactions All your details are kept strictly confidential.
  • detail: The credit card details need never go to the merchant web site.
  • payment: Yes, we use Paypal to process your credit card payments.

Preposition: with

rate: Many people opt for credit cards with low introductory rates to allow them to manage their finances effectively.