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A machine readable code is embedded into a magnetic strip that is placed in a standard-size plastic card. Credit cards allow holders to spend more money than they have by borrowing money and are required to pay it back, usually with interest.

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Q: What does the term my credit card mean?
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Related questions

What does KI mean when running a credit card on a machine?

KI on a credit card machine mean?


Reginald's credit card statement states that his balance is 550 What does the term balance mean?

The 'balance' of his statement is the monetary value of his account with the credit card company. In this case it is the amount he owes the company.


Is credit card company a common noun or proper noun?

The term 'credit card company' is a commonnoun, a general term for any credit card company.A proper noun is the name of a specific credit card company, such as American Express, Capital One, Citibank, etc.


What does it mean you are qualified for a credit card?

It means a credit card company wants to put you into debt by giving you a credit card you can use.


Can you use a credit card if its frozen?

If you mean a credit freeze, then no, you will not be able to use the card.


What does cvc mean on a credit card?

In terms of a credit card it means Card Verification code hence CVC.


What does credit card negotiation mean?

Credit card negotiation is when you contact the bank and negotiate your credit card debt. This can mean negotiating a payment plan or just trying to get the overall debt reduced.


What does cvn mean on a credit card?

Card Verification Number


What does credit card CVC mean?

Card Verification Code


What is green card is mean?

A "Green Card" is the old term of a US Permanent Resident Visa. However, the Permanent Resident Visa is now no longer printed on green paper, nor is it credit-card sized. It's a historical term for the visa.


What do secured credit cards mean?

A secured credit card is a credit card for people with poor credit ratings that must deposit the desired amount on money before using the card. The card is similar to a pre-paid credit card that allows credit ratings to get better.


What does it mean to transfer credit card balance?

To transfer a credit card balance means to use the available credit on one credit card to pay off the balance of another credit card. This is often done by credit card holders to pay back a balance at a lower rate.