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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Compound interest - interest which is regularly added to the debt (called compounding) and is calculated over the principal PLUS over the interest already accrued to the debt (over the total amount owed).
  • Credit score purpose - attempts to quantify the likelihood that a prospective borrower will fail to repay a loan or other credit obligation satisfactorily.
  • Debit card - a card which physically resembles a credit card and is used as an alternative to cash when making purchases. When purchases are made with a debit card, the funds are withdrawn directly from the purchaser's checking or savings account at a bank.
  • Credit card system - a retail transaction credit and settlement system named after the small plastic card issued to users of the system.
  • 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.

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