home/glossary/Credit Card

Credit Card

nounverified·updated May 9, 2026

A card indicating the holder has been granted a line of credit. It enables the holder to make purchases or withdraw cash up to a prearranged ceiling. The credit granted can be settled in full by the end of a specified period or can be settled in part, with the balance taken as extended credit. Interest is charged based on the terms of the credit card agreement and the holder is sometimes charged an annual fee.

MWEFederal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary

Senses

Wordset Dictionary

a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered

Classifications

Entity Type

Data90%llm-generatedllm:claude-haiku-4-5
?unassignedlast reviewed

Sensitivity

95%llm-generatedllm:claude-haiku-4-5
?unassignedlast reviewed

Information Class

95%llm-generatedllm:claude-haiku-4-5
?unassignedlast reviewed

Variants

synonym
plastic
plural
Credit Cards
possessive
Credit Card's
pluralpossessive
Credit Cards'