Posts Tagged ‘credit card’

Learn Credit Card Vocabulary and their Practical Usage

credit card as cash

credit card as cash

In present days, most of the trans­ac­tions are being made through plas­tic cards and online trans­ac­tions. These plas­tic cards made shop­ping eas­ier and has­sle free. Whether it is debit card or credit card or shop­ping card or any­thing else, they have reduced the size of the wal­let and increased the buy­ing poten­tial of the con­sumers. Though credit cards are not the legal ten­der in the cur­rent mar­ket, it is the lead­ing non-cash meth­ods of pay­ment and one can’t think about life with­out them. Let us know dis­cuss about some of the com­mon ter­mi­nol­ogy used while using credit cards.

The fol­low­ing post dis­cusses the vocab­u­lary related to credit cards

Account num­ber
Addi­tional card­holder
Adjusted bal­ance
Affin­ity card
Annual Fee
Annual Per­cent­age Rate (APR)
Authen­ti­ca­tion
Autho­rized Trans­ac­tion
Auto­matic pay­ment
Aver­age daily bal­ance
Bad Credit
Bal­ance Trans­fer
Bank Iden­ti­fi­ca­tion Num­ber (BIN)
Billing Cycle
Billing state­ment
Card Issuer
Card Reader

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