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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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Skimming is a method of stealing credit card information by using a small electronic device that scans and stores card data from the magnetic stripe. It can be done manually by a corrupt retail store employee who surreptitiously skims customers' cards, or by criminals who place a skimming device on top of a regular credit card reader (usually at gas stations or ATMs machines). Stolen credit card information can be used to make fraudulent purchases online or to clone new cards.