Glossary of Credit Card Terms

(1) | 1 (1) | 3 (1) | 5 (1) | A (42) | B (28) | C (92) | D (44) | E (19) | F (33) | G (7) | H (3) | I (14) | J (7) | K (3) | L (10) | M (27) | N (12) | O (10) | P (43) | Q (2) | R (34) | S (43) | T (26) | U (9) | V (10) | W (2) | X (1) | Y (1) | Z (7)
National bank When banks form, they can choose to be included as state-chartered or as national banks. A national bank is controlled and looked over by the Office of the Comptroller of the Currency (OCC). National...
National issuers National issuers are banks that issue credit cards to all 50 states unlike the regional issuers that issue cards on a regional, state or on a smaller level.
Near Field Communication Near Field Communication (NFC) is a wireless technology that transmits information from a short distance between two different devices, like a cellphone and a credit card terminal. If your phone has...
Negative amortization Negative amortization is a loan with payments set so low they won’t pay off the debt. With a negative amortization loan, the principal balance increases over time, even if minimum payments are made....
Negative information Negative information is the one in a credit report that will make it harder for an individual to get a loan. Fair Credit Reporting Act set the period of time the negative information stays on credit...
Negative option deals Negative option deals are free trial offers that trigger a series of automatic credit card charges if it not canceled. For example, if you sign up for a "free" credit score it can lead to other...
Net pay Net pay is the remaining amount on an employee's paycheck after deductions of income tax or Social Security.
Never pay A term used to describe a credit card customer who opens at one of more credit card account that quickly becomes delinquent. The account owner makes purchases with the card with no intentions of...
New balance On a credit card bill, the new balance is the amount owed at the end of a billing cycle. It is calculates by subtracting any payments for old balance and adding any new purchases, finance charges and...
NFC Near Field Communication (NFC) a wireless technology that transmits information from a short distance between two different devices, like a cellphone and a credit card terminal. If your phone has NFC...

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