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Saturday, November 21st 2009
Credit Card Glossary

Credit Card Glossary: Terms and Definitions

Confused by credit card terms? CreditCards.com's glossary of credit card definitions will help. From account holder to Regulation Z, we have defined the most-common and most-confusing credit card terms.
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Credit history

Credit history is the record of use of debt. In the United States, three major credit bureaus -- Experian, TransUnion and Equifax -- keep the largest databases of credit histories. Credit card issuers use credit histories to decide whether to provide customers with credit cards, and on what terms. What records are kept in your credit history, for how long and how they may be used are regulated by the federal Fair Credit Reporting Act.

Related Terms:1099, 1099-c, adjusted balance, annual percentage rate (apr), apr, arbitration, average daily balance, bank holding company, bankruptcy, billing statement, card member agreement, carders, carding, carding forums, cashing, chapter 11 bankruptcy, chapter 13 bankruptcy, cob fraud, community property, credit card accountability, responsibility and disclosure act of 2009, credit card act of 2009, credit union, dd (regulation dd), direct mail, double-cycle billing, drop, dump, equal credit opportunity act (ecoa), equitable division, fair credit billing act, fair credit reporting act, federal deposit insurance corporation, federal funds rate, federal reserve board, finance charge, fraud alert, fraudulent transaction, fraudulent user, fulls, interest rate cap, joint credit, man in the middle fraud, mandatory binding arbitration, medical identity theft, mutual savings bank, national bank, nondischargeable debt, phishing, pin cashing, prime rate (or prime interest rate), receipt, regulation dd, regulation x, savings and loan association, savings bank, schumer box, signature strip, skimming, thrift, time-barred debt, tranche, truncation, truth in lending act, truth in lending act, truth in savings act, two-cycle billing, universal default, wage garnishment, x (regulation x), z (regulation)
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