Credit Card Glossary: Terms and Definitions
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 derisive term in the industry for transactor is “deadbeat.” The counterpart of a transactor is a “revolver” — one who uses the card and carries a balance, incurring interest charges.
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.