Summary of Credit Card Terms - Part 1 (A-B)

Account Number – This is the number given the most exposure on a credit card. Often around 15 letters, and embossed on the physical card that the financial institution will give to a customer. Additional Cardholder – This is when the credit card holder chooses to allow someone else to use their credit card funds. It is unlikely the additional person will have any obligations in terms of meeting payments that are made to them by the financial institution. American Express – American Express or AMEX is a large credit card company however it maintains its own relationships with retailers and service providers, unlike MasterCard and Visa. AMEX – See American Express for summary. Annual Fee – This is a fixed yearly fee, charged by the credit card company for mer View the rest of this article