A List of Credit Card CompaniesList of credit card companies
It' s unbelievably important that you know the lingo before you sign up for a credit card. Therefore, we have compiled a list of the frequently used catchwords with an explanatory note of their meaning. You' ll find it on your credit card. The majority of credit card companies these days don't levy an annuity at all.
However, there are still some top-end maps available. Annual Percentage Rate (APR) is the total amount of credit you will borrow when you pay on your credit card. Credit transfer: is when you move a credit card credit to a new card. A credit card will pay the other card's account so that you will have to pay the new card the account amount instead of the old one: your card issuing company is the card issuing company, the savings and loan association or the shop whose name appears on your card (not to be mistaken for the card type).
Advance cash: when you use your credit card at an ATM or banking facility to withdraw money from your credit card balance. As a rule, revolving loans are subject to a high interest payment and may cause a processing charge. Refund: If your credit card issuer refunds you a small percent of your card expenses.
Loan History: Your credit history is a log of your credit operations and contains information about credits, mortgage, credit card, lease-purchase, missed-payments, CCJ and outages. Amount of credit limit: The amount you can be charged for expenses on your credit card. Attempting to exceed this amount may result in your card being rejected.
You may also have to make additional payments to the card company if you exceed this level. Creditworthiness: an evaluation of your creditworthiness on the basis of your creditworthiness. Checking credit scores: Credit evaluation systems award points for the information you enter on your credit claim forms and for the information collected in your credit reports (stored by a credit bureau).
This is the system your card publisher uses to determine whether or not to give you a card, and if so, where you should place your credit limits. Currency commission: This is a fee that is often added by the credit card firm when it charges the costs of making overseas purchases back in Pound Sterling.
Processing Fee: This is a credit card amount that the card companies apply to your credit when you make certain purchases, such as using your card abroad, using a credit card check, or withdrawing funds from your card. It is the amount you spend each and every day of the week for any amount of extra credit you have on your card after the interest-free time.
It is the period between the date you buy something with your card and the date you have to make your credit card payment. Credit card new purchases: a kind of credit card with a preliminary interest fee for new acquisitions for a limited period of being. When you are not able to use your card due to sickness or unemployment, this insurer can cover an amount and help you to maintain your card payment.
It is your credit card statement and shows what you have issued during this time, what you have owed, the amount you have to spend, and the latest date on which you can make payments. Transfer: any transfer (or withdrawal ) made by You or an additional Card Holder using the Card or Card Number.
Interest typically charged (also known as the "representative interest rate"): The annual percentage of charge indicated by the bank is the interest charged to MOST staff applying for a card. Interest rates quoted to you are determined by your credit histories and you will not necessarily receive the standard interest rates. In this case, your Annual Percentage Rate or APR may vary depending on prevailing trading patterns. Back up to check credit card comparisons.