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.

Whenever a cardholder fails to make timely payments to his lenders like mortgage lenders, car lenders etc. their interest rate may rise in case of other cards. This common practice among the card issuers where they can increase the rate whenever they see that certain customers are making delayed payments to other lenders is called Universal Default.