Credit Card terms starting with O

4 terms

1. Opt-In Giving your credit card company or bank permission to include you in a particular service.
2. Opt-out Declining a particular service offered by your bank.
3. Over-the-limit fee A fee charged if your account balance goes over your credit limit. You will not be charged this fee unless you have authorized your credit card company to…
4. Overdraft When the amount of money withdrawn from a bank account is greater than the amount actually available in the account, the excess is known as an overdraft…