Credit Card terms starting with C

13 terms

  1. CARD Your card is the physical card, the account number, or any device (including a check) that can be used to access your credit card account.
  2. Cash advance You receive a cash advance when you use your card or account to do any of the following: obtain cash from an automated teller machine (ATM); or obtain…
  3. Cash-advance fee A fee charged when you use a credit card for a cash advance, such as withdrawing cash from an ATM.
  4. Credit Bureau An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans.
  5. Credit Card A plastic card with a magnetic stripe that is used from time to time or over and over again to borrow money or buy goods or services on credit, and which…
  6. Credit card agreement A document that outlines the terms and conditions for using your credit card. It is your contract with your credit card company.
  7. Credit counseling service A service that employs credit counselors who will look at your financial situation and help develop repayment options.
  8. Credit History A record of an individual’s or company’s past borrowing and repaying behavior maintained by an independent credit reporting agency.
  9. Credit limit The maximum amount of credit that is available on a credit card or other line of credit account.
  10. Credit Report A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness.
  11. Credit reporting agency See credit bureau.
  12. Credit Score A number, roughly between 300 and 800, that measures an individual's credit worthiness. The most well-known type of credit score is the FICO® score.
  13. Credit-limit-increase fee A fee charged if you ask for and receive an increase in your credit limit.