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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • 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.
  • Consumer reporting agencies - are companies that collect and report credit information about consumers to be used for credit evaluation and other purposes.
  • Smart card - any pocket-sized credit card or similar card with embedded integrated circuits.
  • Service station (Canada) - both of the U.S. and U.K. meanings are associated with service stations.

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