All > Business > Finance > Personal Finance > Consumer Credit > Credit Card

• Secured cards typically require a cash security deposit. The larger the security deposit, the higher the credit limit. Usually, secured cards are used to build credit by those who don't have a long credit history, like young people, or those who have had credit problems in the past.

  Board of Governors of the Federal Reserve System - Cite This Source - This Definition
  ×

  Cite Definition for Secured credit card

  American Psychological Association (APA)

  Secured credit card. (n.d.). Credit Card Consumer's Guide. Retrieved June 5, 2023, from website: http://www.expertglossary.com/definition/secured-credit-card.

  Chicago Manual of Style (CMS)

  Secured credit card. www.federalreserve.gov. Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. http://www.expertglossary.com/definition/secured-credit-card (accessed: June 5, 2023).

  Modern Language Association (MLA)

  "Secured credit card." Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. 5 June. 2023 http://www.expertglossary.com/definition/secured-credit-card.

• Browse Related Terms: Authorized user, CARD, Cash advance, Credit Card, Credit card agreement, Everyday debit card transactions, Overdraft, Secured credit card, Standard payment instructions

Also listed in:

• All > Business > Finance > Personal Finance

All > Business > Finance > Personal Finance > Consumer Credit > Credit Card

• A fee that may be charged when you open a new credit card account.

  Board of Governors of the Federal Reserve System - Cite This Source - This Definition
  ×

  Cite Definition for Set-up fee

  American Psychological Association (APA)

  Set-up fee. (n.d.). Credit Card Consumer's Guide. Retrieved June 5, 2023, from website: http://www.expertglossary.com/definition/set-up-fee.

  Chicago Manual of Style (CMS)

  Set-up fee. www.federalreserve.gov. Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. http://www.expertglossary.com/definition/set-up-fee (accessed: June 5, 2023).

  Modern Language Association (MLA)

  "Set-up fee." Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. 5 June. 2023 http://www.expertglossary.com/definition/set-up-fee.

• Browse Related Terms: Annual fee, application fee, Authorized charge, Credit-limit-increase fee, Late-payment fee, Over-the-limit fee, Penalty fees, Protected balances, Returned payment, Set-up fee, Workout arrangement

All > Business > Finance > Personal Finance > Consumer Credit > Credit Card

• You must pay your credit card bill in a manner that meets all the following conditions:

  1. You must pay in U.S. Dollars; and
  2. You must not pay in cash, unless you pay at one of our branches; and
  3. Except for payments made pursuant to (2) above, your payment must be drawn on a U.S. deposit account, or by a cashier’s check drawn on a U.S. bank or a foreign bank branch in the U.S.; and
  4. You must not attach any restrictive language to your payment; and
  5. You must not pay from a credit account that we provide you, such as a check drawn on any credit card account that you have with us; and
  6. If you make payment in a paper form (like a check, money order, or cashier’s check), you must include the payment coupon from your statement OR write your credit card account number on the payment.

  In addition:

  7. If we decide in our discretion to accept a form of payment that does not meet these standard payment instructions, we do not waive our rights to continue to require payments that comply with these instructions; and
  8. If we decide in our discretion to accept a payment that you make to us in a foreign currency, we will choose the conversion rate.
  Consumer Financial Protection Bureau - Cite This Source - This Definition
  ×

  Cite Definition for Standard payment instructions

  American Psychological Association (APA)

  Standard payment instructions. (n.d.). Definition of Credit Card Terms. Retrieved June 5, 2023, from website: http://www.expertglossary.com/definition/standard-payment-instructions.

  Chicago Manual of Style (CMS)

  Standard payment instructions. www.consumerfinance.gov. Definition of Credit Card Terms. Consumer Financial Protection Bureau. http://www.expertglossary.com/definition/standard-payment-instructions (accessed: June 5, 2023).

  Modern Language Association (MLA)

  "Standard payment instructions." Definition of Credit Card Terms. Consumer Financial Protection Bureau. 5 June. 2023 http://www.expertglossary.com/definition/standard-payment-instructions.

  1. Browse Related Terms: Authorized user, CARD, Cash advance, Credit Card, Credit card agreement, Everyday debit card transactions, Overdraft, Secured credit card, Standard payment instructions