30 Credit Card Terms Everyone Should Know
Ese Precious
Ese Precious
Fintech writer at AskWallet.io
2 min read 14.09.2022 112
30 Credit Card Terms Everyone Should Know

30 Credit Card Terms Everyone Should Know

Traditional bank
Neobank
E-wallet
Credit Card
Сredits and loans

Aside from credit unions, many traditional banks and neobanks offer credit card accounts for individuals and businesses. However, if you want to enjoy cards with a wide range of features and benefits, choose a neobank over a traditional bank. For example, many neobanks offer low-interest credit cards, travel credit cards with airline rewards and miles, credit cards that give you cashback for your purchases, and those that are easy to get even with a poor credit score.

Nevertheless, some neobanks do not offer loans but instead provide excellent terms for making daily payments. They are common in the FinTech industry. You may take advantage of their tempting and lucrative bonuses when you open an account with them and fund it. Some also offer the best prepaid cards, debit cards, virtual cards, and crypto cards in the industry. 

Generally, to get a card from a bank or FinTech company, you must sign a credit contract or agree to some terms and conditions. In the process, you are likely to encounter some terminology that may be new to you. Hence, we have prepared this dictionary to help you familiarise yourself with frequently used credit card terms. 

 

Ibrahim Busari
Ese Precious
Ese Precious