Credit Card Glossary
A
Activation
Add-on Card
Air Miles
Annual Fee
Approval
APR (Annual Percentage Rate)
Auto Debit
B
Balance Transfer
Billing Cycle
Billing Statement
C
Cardholder
Cash Advance
Cash Withdrawal Fee
Cashback
Chargeback
CIBIL (Credit Information Bureau India Limited)
Co-branded Card
Concierge Services
Contactless Payment
Credit Bureau
Credit Limit
Credit Score
Credit Utilization Ratio
CVV (Card Verification Value)
D
Devaluation
Dispute Resolution
Downgrade
Due Date
E
ECS (Electronic Clearing Service)
EMI (Equated Monthly Installment)
F
Foreign Currency Markup
Fraud Protection
Fuel Surcharge Waiver
G
Grace Period
GST (Goods and Services Tax)
I
International Transaction
J
Joining Fee
L
Late Fee
Lien
Lounge Access
Loyalty Program
M
Magnetic Stripe
MasterCard
Merchant
Minimum Due
Mobile Wallets
N
NEFT (National Electronic Funds Transfer)
O
Online Purchase
OTP (One-Time Password)
Outstanding Amount
Overdraft
Overlimit Fee
P
Payment Gateway
PIN (Personal Identification Number)
Platinum cards
POS (Point of Sale)
Pre-approved
Primary Card
Priority Pass
R
Rate of Interest
Rejection
Renewal Fee
Retail Purchase
Revolving Credit
Reward points
RuPay
S
Secured Card
Standing Instruction
Statement
Swipe
T
Transaction
U
Unauthorized Transaction
Unsecured Card
Upgrade
V
Verified by Visa
W
Waiver
Welcome Bonus
Z
Zero Liability