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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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Revolving balance
In credit card terms, a revolving balance is the portion of credit card spending that goes unpaid at the end of a billing cycle. The amount can vary, going up or down depending on the amount borrowed and the amount repaid. If you revolve a balance -- that is, not pay it off at the end of the month -- the lender will charge you for the privilege of borrowing their money. The amount of the charge for revolving a balance will depend on the size of the balance and the interest rate of the card. When the balance is paid off, the customer is no longer revolving the debt.