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.
- Bank account
- A bank account, in consumer terms, is a place to place deposits, acquire loans or both. Bank accounts used to be necessary for credit card or debit transactions, but with the advent of various prepaid products, an individual bank account is no longer required of cardholders.