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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Credit card incentives, rewards, and rebates - credit providers often offer incentives such as frequent flier miles, gift certificates, or cash back (typically 1 %) to try attract customers to their program.
  • Magnetic strip - on the back of a credit card, contains financial and account information about the account and the cardholder.
  • Contact smart card - a smart card that requires physical contact with a card reader as a communications medium between the smart card and a host such as the credit card company's computer.
  • Loyalty card, rewards card, points card, or club card - a plastic card, visually similar to a credit card or debit card, that identifies the card holder as a member a store's incentive program.
  • Frequent Flyer Program - a service offered by many airlines to reward customer loyalty where airline customers in the program accrue points (frequent flyer miles) corresponding to the distance flown on that airline. Accrued points can be redeemed for free air travel and other products or services.

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