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.
- Credit monitoring service
- A credit monitoring service is one that monitors credit card accounts for suspicious or out-of-pattern activity and sends an alert to the cardholder if such activities occur. Typically there is an annual or monthly fee for the service billed to the primary card being monitored. Some consumers may get a credit monitoring service for free, as an inducement to purchase other services, or in cases where a consumer's credit data has been illegally breached.