Credit Card Glossary: Terms and Definitions
Magnetic stripe card
A plastic card that uses a band of magnetic material to store data which is read by a magnetic stripe reader when swiped through a payment terminal. Also commonly referred to as a mag stripe card, this card does not have a chip and uses a magnetic stripe on the back only.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.