Credit card

A card indicating that the holder has been granted a line of credit.

The credit card enables the holder to make purchases and/or withdraw cash up to a pre-arranged ceiling; the credit granted can be settled in full by the end of a specified period or can be settled in part, with the balance taken as extended credit.

Interest is charged on the amount of any extended credit and the card holder is sometimes charged an annual fee.

See also

• Card
• Charge card
• Corporate card
• Credit
• Credit card company
• Debit card
• MIF
• Payments and payment systems
• Travel and entertainment card
• Virtual card