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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Pay at the pump - a convenience offered by most gas stations whereby the customer can pay for gasoline by inserting a credit card into a terminal on the gas pump.
  • Gas theft - the removal of gasoline from a station without payment. Typically the thief will usually use some form of decoy to prevent nearby witnesses from noticing the lack of payment until they have left the station. Common decoys include pretending to press the wrong buttons after swiping the credit card, or having multiple people get gas at the same time with one paying for another person and the other running off with both cars.
  • 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.
  • Interest - a supplemental charge for a loan, usually a percentage of the amount loaned.

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