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Saturday, November 7th 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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Line of credit

A line of credit is an open-ended, revolving loan, in which the borrower may access money up to a certain limit, pay it back and borrow it again. Periodic interest charges will go up and down, depending on how much is borrowed. Lines of credit may be secured (as with home equity line of credit) or unsecured (as with credit cards).


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