Definition, Meaning & Synonyms

credit-card-guarantee

noun

/ˈkrɛd.ɪt kɑːrd ɡəˈræn.ti/

Definition

A credit card guarantee is a type of security or assurance provided by a credit card issuer, ensuring that a specific transaction or purchase is covered if certain conditions are met.

Examples

The store offered a credit-card guarantee, ensuring that any defective items could be returned for a full refund.
By using a credit card guarantee, consumers can feel safer when making online purchases.
Many credit card companies provide guarantees that cover consumers against fraud.

Meaning

This term generally refers to the protection or promise associated with using a credit card for transactions, indicating that the issuer will take responsibility for the transaction under specified circumstances.