Credit Card Definitions
Learn the definitions for key credit card terms so you understand how your credit card works and can use it in an effective, responsible way.
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Elite Status: What It Means, How It Works, Advantages
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What Is a Cap? Definition on Credit Products and How It Works
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Business Credit Card: What it is, How it Works, Pros and Cons
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Credit Card: What It Is, How It Works, and How to Get One
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Authorized Transaction: How It Works With Credit and Debit Cards
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Deadbeat: What it is, How it Works, Special Considerations
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Average Daily Balance Method: Definition and Calculation Example
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What Is the Fair and Accurate Credit Transactions Act (FACTA)?
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Average Outstanding Balance on Credit Cards: Calculation, FAQs
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Charge Card
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Credit Card Debt: What it is, How it Works
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Chip Card: Definition, How It Works, Types, and Benefits
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Credit Card Accountability, Responsibility, and Disclosure Act
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Credit Card Posting: Definition, Timing, vs. Transaction Date
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Currency Conversion Fee: How It Works, Types & Ways to Minimize
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EMV: What it Means, How it Works, Limitations
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Chip-and-PIN Card: Definition, Features, vs. Chip-and-Signature
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Dynamic Currency Conversion (DCC): What It Is and How to Avoid It
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Credit Card Encryption: What It Is and How It Works
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Authorization Only: Meaning, Transaction Types, Pros and Cons
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Closed Loop Card: Definition, How It Works, vs. Co-Branded Card
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Batch Credit Card Processing: What It Is and How It Works
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Credit Card Authentication: What It Is and How It Works
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Additional Cardholder: How to Add, Pros and Cons, Alternatives
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Terms and Conditions: Overview and Examples of in Credit Cards
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Credit Card Block: What It Is, How It Works, Danger to Cardholders
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Balance Protection: What it Means, How it Works, Example
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Card Reader
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Charge-Off Rate (Credit Card): What it is, How it Works, Examples
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Convenience Check: What it Means, How it Works
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Expired Card: What It is, Benefits of Replacing it
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Credit Repair Organizations Act (CROA): Meaning, How it Works
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Balance Chasing: What It Is, How It Works
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Authorized Amount: What it is, How it Works, Example
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Deceased Alert: What it Means, How it Works, Example
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Credit Card Authorization Key: What It Is, How It Works, Example
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Chargeback Period: What it Means, How it Works
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Dormancy Fee: What It Means, How It Works
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Credit Card Arbitrage: What it is, How it Works, Disadvantages
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Bank Card Association: What It is, How It Works
CredIt Card Funding: What It Means, How It Works, FAQs
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Card Recovery Bulletin: What It is, How it Works, Evolution
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Debt-to-Limit Ratio: Meaning, Impact, Example
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Double-Cycle Billing: What It Is, How It Works, Example
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Credit Card Rental Car Insurance: What Is It, and How Does It Work?
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Student Credit Card: Meaning, Benefits, Risks
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Rewards Credit Card: What It Is, How It Works, Choosing One
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Corporate Credit Card: Definition, How It Works, Types, and Benefits
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How Mastercard Makes Money
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Affinity Card: Meaning, Benefits, Example
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American Express Card (AmEx Card): Definition, Types, and Fees
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What Is a Balance Transfer Fee—and Can You Avoid It?
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What Is a Bank Identification Number (BIN), and How Does It Work?
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What Is a Billing Statement? Definition, Key Details, How To Read
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What Is Cash Back? Hint: It's Not Free Money
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Discover Card: History of the Credit Card, Perks, FAQs
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Embossed Card Definition, How It Works, History
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Fleet Cards: What They are, How They Work, Examples
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Gift Card: Definition, Types, and Scams To Avoid
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Grace Period (Credit): What It Is, How It Works
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Issuer Identification Number (IIN): Definition and Examples
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Knuckle-Buster
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Late Fee: Definition, How They Work, and How to Avoid Them
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Luhn Algorithm: Uses in Identity Verification for Credit Cards
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Magnetic Stripe Card: Definition, How It Works, vs. Chip Card
