Credit Card Definitions
Learn the definitions for key credit card terms so you understand how your credit card works a🅰nd can use it in an effectivꩵe, responsible way.
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Elite Status: What It Meansღ, ☂How It Works, Advantages
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What Is a Cap? Definition on Cﷺredit Products and How It Works
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Business Credit Ca🌠rd: What💫 it is, How it Works, Pros and Cons
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Credit Card: What It Is, How It Works, anܫd How to Get One
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Authorized Transaction: How It Works ♍Witꦍh Credit and Debit Cards
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Deadbeat: What it is, How it Works, Special 🌊Considerations
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A🉐verage Daily Balance Method: Definition and Calculation Examꦿple
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What Is the Fair and Accur🅘ate Credit Transactions Act (FACTA)?
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Average Out🌃standing Balance on Credit Cards: How It Works and Calculatio♑n
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Charge Card: Definition, How It𝓰 Works, Pros, and Cons
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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 Beꦏnefits
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Credit Card𒊎 Acco✤untability, Responsibility, and Disclosure Act
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Credi𝄹t Card Posting: Definition, Timing, vs. Transaction Date
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EMV: What It Means, How It Works, and Limitations
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Chip-a🧸nd-PIN Card: Definition, Features, vs. Chip-and-Signature
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Credit Card Encryption: What 🌺It Is and How It Works
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Authorization Only: Meaning, Tran𓂃saction Types, Pros and Cons
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Closed Loop Card: Defi☂nition, How It Works, vs. Co-Branded Card
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Batꦰch Credit Card Processing: What It Is and How It Works
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Credit Card Authentication: What I🌺t Is and How It Works
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Additional Cardholder: How to Add, Pros and Cons,𝐆 Alternatives
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Terms and Condit🍸ions: Overview and Examples in Credit Cards
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Cre𝐆dit Card Bloc🌺k: What It Is, How It Works, Danger to Cardholders
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Balance Protection: What it Means, How it Works, ꦺExam♓ple
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Convenience Check: What it Means, How it Works
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Expired Card: What It is, Benefit💝s of Replacing it
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Credit Repair Organizaꦺtions Act (CROA༺): Meaning, How It Works
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Balance Chasing: What It Is, How It Works
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Authorized Amou🏅nt: What it ♛is, How it Works, Example
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Deceased A🌠lert: What it Means, How it Works, Example
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Credit Card Authorization Kꦦey: What It Is, How It W🐻orks, 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: Wha♔t it is, How it Works, Disadvantages
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Bank Card Association: What It is, How It Works
CredIt Cardꦕ Funding: What It Meaᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚns, How It Works, FAQs
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Card Recovery Bulletin: What It is, How it Works, 𒊎Evolution
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Debt-to-Limit Ratio: Meaning, Impact, Example
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Double-Cycle Billing: What It Is, Hꩲow It Works, Example
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Rewards Credit Card: What🍸 It Is, How It Works, Choosing One
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How Mastercard Makes Money
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Affinity Card: Meaning, Benefits, Example
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America🌠n Express Card (AmEx Card)♔: Definition, Types, and Fees
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What Is a Balance Transfer Fee—and Caღn You Avoid It?
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What𓄧 Is a Bank Identification Number (BIN), ﷺand How Does It Work?
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Billing Statement🐽: Definiti𒁏on, 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, Features, and Perks
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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 Identifi෴cation Number (IIN): Definition an﷽d Examples
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Knuckle-Buster
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Luhn Algorithm: Uses in Identityꦿ Verification for Credit Cards
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Magnetic Stripe Card🥂: Definition, How It Works, vs. Chip Card
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Mastercard: Definitioܫn and Ranking in Globa🎃l Payments Industry
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Merchant Category Codeﷺs (MCC): Definition, Purposes, and Examples
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Merchant🐽 Discount Rate (MDR): Definition, P🔯urpose, Average Fees
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Mini♔mum Finance Charge: What It Is, How It Works, Example
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🔜Minimum Monthly Payment: Meaning with Credit Cards
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Minimum Spend: What It Is, How It Works, Example
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National Issuers
New Balance: What It is, How It Works, Example