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.
- 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.