Credit Card Definition
credit card
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English
Noun
credit card (plural credit cards)
- A plastic card, with a magnetic strip or an embedded microchip, connected to a credit account and used to buy goods or services. It's like a debit card, but money comes not from your personal bank account, but the bank lends money for the purchase based on the credit limit. Credit limit is determined by the income and credit history. Bank charge APR (annual percentage rate) for using of money.
Synonyms
- chargecard, charge card (proscribed)
See also
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