| a card that identifies a person as entitled to have food, merchandise, services, etc., billed on a charge account. |
| credit card n. A plastic card having a magnetic strip, issued by a bank or business authorizing the holder to buy goods or services on credit. Also called charge card. |
Credit Card
A card allowing someone to make a purchase on borrowed money. Credit cards are one of the most popular forms of payment for consumer goods and services in the United States.
Investopedia Commentary
Credit cards have higher interest rates than most consumer loans or lines of credit, so try your hardest to pay off your credit card each month.
Related Links
Credit, Debit And Charge: Sizing Up The Cards In Your Wallet
The Importance of Your Credit Rating
Understanding Credit Card Interest
Seven Common Financial Mistakes
See also: Adjusted Balance Method, Annual Percentage Rate - APR, Average Daily Balance Method, Credit, Previous Balance Method