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Wednesday, April 16th 2014

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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Transactor
In the credit card world, a transactor is a cardholder who transacts -- that is, makes purchases with a credit card -- but does not carry a balance and therefore pays no interest charges. The transactor's counterpart is a "revolver" -- one who uses the card and carries a balance, incurring interest charges.

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