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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • 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.
  • Underground Storage Tank - a tank and any underground piping connected to the tank that has at least 10 percent of its combined volume underground, often used to store petroleum. Underground storage tanks are regulated in the United States to prevent release of petroleum and contamination of groundwater.
  • Discover Cash Back Bonus - a percentage of the amount spent would be refunded to the account (as high as 1 percent), depending on how much the card was used.
  • MasterCharge - original name for the MasterCard credit card.
  • Gasoline or gas - a petroleum-derived liquid mixture consisting primarily of hydrocarbons, used as fuel in internal combustion engines. Often called petrol outside the U.S.

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