Credit Card Glossary: Terms and Definitions
Zero balance is to have no debt on your credit card. Depending on how long you’ve had the credit card, how many accounts you have and the size of your credit limit, canceling the card due to a zero balance could hurt your credit score because you might lose some credit history from your credit report, and your debt if the credit reporting agency purges its records. However, if you continue to use credit cards wisely by showing consistent payments, the credit score damage from closing a zero balance card is small and brief.
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.