CreditCard is a small loan payment tool provided by banks to users to consume first and repay later. It is issued by banks or other financial institutions to those with good credit status for use in A special card for shopping and spending at designated merchants, or for depositing and withdrawing cash at designated banking institutions, is a special credit voucher. I have compiled English vocabulary related to credit cards for everyone, I hope it will be helpful to you!
English vocabulary related to credit cards:
Issuing bank card issuing bank
annual fee year Fees
Credit line/limit credit line
Interest rate Interest rate
Monthly statement Monthly statement
Balance transfer Credit card balance reimbursement
Available credit line /limit Available credit limit
APR=annual percentage rate Annual interest rate
Activate a card
Reward program Points feedback
Point bonus points
Cash advance Cash advance
Credit card Credit card
Affinity card Affinity card
Platinum card Platinum card
Student card Student card
Preferred card/gold card Gold card
Value card Stored value card
Classic card
Co-branded card
Supplementary card
Debit card
ATM card Finance Card
Charge card Charge card
Cash advance card Cash card
Corporate card Business card, corporate card
MID / merchant id [merchant number]
TID / terminal id [terminal number]
POS ID [POS number]
BATH NO. [batch number]
TRACE NO. [query number]
REF NO. [serial number]
AUTH CODE [authorization number]
Credit card vocabulary explanation:
Available credit limit (Available Credit): refers to the credit limit that can be used for shopping, cash advance (Cash Advance) and balance transfer (Balance Transfer).
Balance Transfer: This business allows you to withdraw the balance from one credit card at a low cost and use it to pay off the outstanding balance of another credit card.
Cash Advance: refers to the ability to use a credit card to withdraw cash at an ATM.
Affinity Card: A card jointly issued by a bank and a third party, in which the third party can obtain value-added benefits from each transaction. For example, a university, professional organization or alumni association may receive a percentage of the benefits from members' recognition card transactions.
Annual Fee: Some credit cards require an annual fee, whether you use it or not, ranging from 25, 50, and 100 yuan. The annual fees for Gold Card and Platinum Card are as high as several hundred yuan.
Annual Percentage Rate (APR): Refers to the annual interest rate of a loan on a credit card. If you pay the balance you owe on time every month, you generally don’t have to pay anymore, which is an interest-free loan; otherwise, APR is applied to the unpaid balance each month.
Credit card verification (Authorization): When you make a transaction payment, you must show your credit card or account number to the other party. Credit card verification records your available credit limit to ensure timely credit support during the transaction.