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Credit Card Glossary: Terms and Definitions

Confused by credit card terms?'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.

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Elite qualifying miles

Elite qualifying miles are frequent flyer miles that count toward achieving elite status with a given airline. With that elite status come extra airline perks not granted other travelers. Typically, miles earned by making purchases on a credit card do not help you attain elite status. Only actual miles flown do that. However, some upscale credit cards allow you to earn elite miles just by making purchases.