Definition, Meaning & Synonyms
credit-card
noun
ˈkrɛdɪt kɑrd
Definition
A credit card is a plastic card issued by a financial institution that allows individuals to borrow funds to make purchases, up to a certain limit, with the promise to pay back the borrowed money later.
Examples
- You can use your credit card to buy items online.
- Many people prefer to use credit cards for convenience.
- After qualifying, she received her first credit card from the bank.
Meaning
The term ‘credit card’ refers to a payment card that provides the cardholder with a line of credit that can be used to purchase goods and services.
Synonyms
- charge card
- payment card
