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Thursday, May 24th 2012

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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Negative option deals
Negative option deals are free trial offers that launch a series of automatic credit card charges if consumers forget to cancel. For example, signing up for a "free" credit score ends up leading to other charges, such as a monthly fee for credit monitoring after the free trial has expired. While negative option marketing isn't illegal, consumers argue that it is a misleading gotcha.

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