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Credit cards glossary

0% credit cards
0% credit cards offer to take on new spending, or an existing credit card balance, and not charge interest on this money for a set period.More...
Bad credit credit cards
Bad credit credit cards exist for those with poor credit records.More...
Balance Transfer
Many credit cards allow new customers to transfer an existing outstanding balance from an old card to a new one.More...
Balance transfer credit cards
Balance transfer credit cards allow new customers to transfer an existing outstanding balance from an old credit card to a new one.More...
Card Not Present fraud
Card not present fraud is when a criminal uses someone else's credit or debit card to obtain goods or services.More...
Cashback credit cards
A cashback credit card returns a percentage of what the cardholder spends on the card to the cardholder.More...
Charity credit cards
Charity credit cards return a percentage of what the cardholder spends on the card to a specific charity.More...
Cheap credit cards
Cheap credit cards provide the ability to borrow money at a lower interest rate than many other cards.More...
Chip and pin
Chip and pin technology means consumers have to type in a four-digit pin (personal identification number) rather than sign their name when paying for goods with a credit or debit cards.More...
Football credit cards
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Identity fraud
Identity fraud is when a criminal dishonestly impersonates another individual to their financial benefit.More...
Interest free credit card deals
Interest free credit card deals offer consumers the chance to borrow money on a credit card without being charged interest for a set period of time.More...
Late Payment Charge
A late payment charge is a fee charged to customers of financial products (such as credit cards, store cards, phone bills, loans, etc) when payments are not made by the due date.More...
Minimum payment
The minimum payment on a credit card is the smallest amount on a credit card bill that can be paid back each month without incurring penalty charges.More...
Phishing
Phishing is a method of online fraud.More...
PIN
A PIN is a personal identification number used for security purposes.More...
Skimming
Skimming is a method of credit card fraud, whereby a fraudster ‘skims’ or reads and copies the information on the magnetic strip of a credit card.More...
Store Card
A store card is a credit card that is linked to a specific shop or shops that are members of a single group.More...

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