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.

When a customer has no debt on his/her credit card that situation is called Zero Balance. But then cancelling a card due to Zero Balance may cost you loosing your credit history to some extent. But you can easily recover from this loss if you keep on paying your credit card payments consistently and can go with your decision of closing a zero balance credit card.