Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Carte Blanche - a minor credit card that was acquired by Citibank and phased out of service, and revived in 2000.
  • 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.
  • Credit score purpose - attempts to quantify the likelihood that a prospective borrower will fail to repay a loan or other credit obligation satisfactorily.
  • ISO 7810 - an international standard that defines three formats for identity or identification cards, ID-1, ID-2, and ID-3.
  • Borrower - someone who receives something (e.g., loaned money) on the promise to return it or its equivalent to the lender.

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