BNET Business Dictionary
Business Definition for: Credit Card
- a card issued by a bank or financial institution and accepted by a merchant in payment for a transaction for which the cardholder must subsequently reimburse the issuer
Wiktionary Definition for: Credit Card
- A plastic card, with a magnetic strip or an embedded microchip, connected to a credit account and used to buy goods or services
Additional Resources
- Beat Tough Credit Card Terms
- Card companies are raising rates, lowering credit limits, and boosting minimum payments. Here's how to get your mind off of the punishing terms — or at least handle the changes if you're stuck with your card... You probably don't spend as much on your credit card as you...
- Articles 2009-04-14
- Why Credit Card Regulation Is Broken
- Until recently, regulators routinely looked the other way as credit card issuers ensnared unwitting consumers with huge finance charges and penalties. So how did credit card regulation become so broken? Here's a brief history of the slippery practices of the industry. How...
- Articles 2009-04-15
- Credit Card Reform Won't Pay Down Consumer Debt
- Starting today, the nation's banks must comply with the Credit Card Act of 2009. Although most of the legislation's key provisions will not take effect until February 2010, credit card companies must immediately begin to mail bills at least 21 days before their due dates and provide at least 45...
- Blog posts 2009-08-20
- Credit Card Firms Tug On Customers' Leashes
- The ubiquitous credit card industry is getting squeezed by the country's economic pinch. Purveyors of plastic are tightening lending standards by lowering borrowing limits, raising interest rates, discouraging rolling over balances and boosting fee penalties on late payments. They're also diligently monitoring customer credit...
- Blog posts 2008-10-20
- Capital One Worries About Tighter Credit-Card Rules
- Credit card companies are worried about new Federal Reserve rules due by year-end that would limit their ability to set credit card charges as they please. Consumer groups have long complained that credit card companies abuse customers through predatory and deceptive advertising and by erecting complicated and...
- Blog posts 2008-11-11
- Unemployment Hits Credit Card Debt
- The rising unemployment rate is taking its toll on credit card debt. Outstanding loans are declining and loan defaults are rising. It's expected to get much worse as unemployment, which reached 9.5 percent in June, rises to more than 10 percent in the coming months. According to...
- Blog posts 2009-07-09
- Fed Proposes Reforming Credit Card Practices
- Fed Proposes Reforming Credit Card PracticesNeed for Credit Card RegultaionsCredit Card interest charges need to regulated, this is more relevent in the present times when consumers are going through tough times due to global financial and food crisis.The interest charged by the Credit Card on outstanding balance should be pegged...
- Discussion threads 2008-05-02
- Credit Card Issuers Kicked Around on Capitol Hill
- The Antitrust Task Force of the House Judiciary Committee held hearings this week on legislation that sheds a little light on the interchange and transaction fees merchants pay to accept credit cards -- and the underlying cost of our national obsession with plastic. The Credit Card Fair...
- Blog posts 2008-05-16
- Here Comes the Credit Card Crisis
- For months, it has been expected that credit cards will be the next shoe to drop in the financial crisis after mortgages. It seems that the prediction is coming true. Credit card companies are reporting spikes in delinquencies and are circling their wagons by setting aside more...
- Blog posts 2009-01-28
- It's a Credit-Card Scam. Don't Fall for It!
- Heather is stalking me -- and probably you too. She's part of a credit card scam by phone. And you could get snookered if you're not careful. For months, Heather left messages saying this was her absolute "last" courtesy call to lower my credit card rates. One...
- Blog posts 2009-03-24
- Credit Card Consumer Guide
- Until the Fed cleans up the credit card industry, take matters into your own hands. Protect yourself from rate hikes and punitive rule changes with these tips. As if things weren't rough enough for your finances these days, credit card issuers have started to play rough. They're jacking up...
- Articles 2009-04-15
- Will Merchants and Consumers Get Relief From Soaring Credit Card Fees?
- Kathy and Warren Miller run a mom-and-pop grocery store in tiny Elmore, Vt. pictured at left, and soaring credit card fees are strangling it. In congressional testimony on Thursday, she said they make only two cents whenever a customer pays for a 99 cent bag of potato...
- Blog posts 2009-10-12
- Roll-Down Your Credit Card Debt!
- The Credit Card Roll-down Calculator applies two simple principles to paying off your credit card debt: payoff your highest interest rate first; when a card balance is paid in full, apply its monthly payment to the card with the next highest interest rate. To see how this can be applied...
- Tools & templates 2008-01-01
- Credit Card Reform Stinks for Responsible Consumers (aka "Deadbeats")
- When the Senate passed the "Credit Card Accountability Responsibility and Disclosure Act" by a 90-5 margin yesterday, I thought "Guess who's going to get screwed again? Responsible people who pay their bills on time!" Don't get me wrong -- I think it's a great idea to make...
- Blog posts 2009-05-20
- Reforming the Credit Card Industry
- Consumers should be able to use plastic without getting skewered by unfair bank practices. Although the Federal Reserve passed new regulations to reform the industry, many consumer groups argue the Fed failed to complete the job. Here's a list of additional reforms needed to make credit cards fairer for consumers....
- Articles 2009-04-15
- The Latest Credit Card Gotcha from CapitalOne
- Watch out for a new credit card iniquity -- the suspension. I may be one of the first victims, because I've never heard of this before. It all started last week when a ticket-dispensing machine refused to accept my CapitalOne card for a trip to Grand Central;...
- Blog posts 2009-07-06
- A Rollback of Credit Card Rate Hikes?
- Okay, so everyone, including moi, kvetched about the fact that the CARD Act of 2009 wouldn't go into effect until February 22, 2010. Some folks thought this all was just so much whining and posturing by consumer advocates who want everything to go their way. But it...
- Blog posts 2009-07-19
- Credit Card Companies: Legalized Drug Dealers Strike Again
- Yesterday, Bloomberg reported that Wells Fargo plans to raise interest rates on all credit card customers by 3% on November 30th. Funny coincidence-House Financial Services Committee Chairman Barney Frank wants to speed up the enactment of the Credit Card Act from February 22, 2010 to December 1. ...
- Blog posts 2009-10-08
- Capital One Credit Card Defaults Rise in September
- NEW YORK (Reuters) - Capital One Financial Corp's COF U.S. credit-card defaults rose in September as more Americans lost their jobs, in another sign that consumers remain under stress.In a regulatory filing on Thursday, Capital One said the annualized net charge-off rate -- debts the company believes it will never...
- News items 2009-10-15
- Chevron tops in credit card sales, Shell leads in card accounts-report. (gasoline marketing)
- Chevron Tops in Credit Card Sales, Shell Leads in Card Accounts--Report Chevron generated more credit card sales dollars in 1985 than any other oil company even though it ranked only second best in the total number of active accounts in operation and tChevron Tops in Credit Card...
- Research articles 1986-03-01
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