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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Gift certificates or gift cards - cash alternatives that are essentially the same, except that the cards automate the checkout and accounting processes by having a barcode or magnetic strip, which can be processed through a standard electronic credit card machine.
  • Revolving credit card or account - a credit card or credit account while allows the user to carry a balance (a revolving balance) each month by paying a minimum amount. This flexibility comes at the cost of interest charged by the credit card companies.
  • Revolving credit - a type of credit that does not have a fixed number of payments, in contrast to installment credit.
  • Credit score purpose - attempts to quantify the likelihood that a prospective borrower will fail to repay a loan or other credit obligation satisfactorily.
  • Sunoco - an American petroleum and petrochemical manufacturer now called Sun Oil Company.

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