The world of Credit Cards is full of a number of Specific Terms which you need to know in order to understand the Transactions, Rules better. But you will not find a uniformed dictionary where you can turn to seek help from. To solve this problem, TopCreditCards.com, presents here the complete Credit Card Glossary covering Terms from A - Z commonly used in the credit card world.

Simply Click on the Alphabet or Click on the Definition to find out the Meaning of the Term with Detailed Explanation below.

Sometimes when you get an enormous bill and are sure that you have not made these purchases, the Fair Credit Billing Act (FCBA) will come to your rescue. This has been introduced so as to curb illegal and unjust billings. The Fair Credit Billing Act, issued by a federal law, is in the interest of the customers and safeguards them when the billing has been made, which is either through an error, unauthorized usage or even purposefully. As per the law there, the procedure is that this discrepancy should be brought out by the card holder within sixty days of when the bill has been issued. After this notification the issuing organization would have some time to rectify these errors, the upper limit of time being around three months.