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Credit Card Glossary — Terms, Jargon & Definitions

Plain-English definitions of credit card, banking, and personal-finance terms used across FinWiz24.

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Showing 100 of 1,035 total glossary terms. Scroll to load more — you stay on this page.

Category StackingCombining multiple bonus categories.
Central Bank of India CardsPublic sector bank credit cards.
Cents Per Point (CPP)The value of each point in paise.
Centurion LoungeAn Amex premium lounge network.
ChargebackA reversal of a disputed transaction by the issuer.
Chargeback FraudFalse chargebacks for profit.
Chargeback RightsCardholder protections for disputed transactions.
Charge CardA card requiring full balance repayment each billing cycle.
Chennai Airport LoungeLounges at Chennai.
Chip Card (EMV)A card with an embedded microchip for secure transactions.
ChurnerA person who frequently opens cards for rewards.
ChurningRepeatedly applying for new cards for welcome bonuses.
CIBIL CheckA credit report check during application.
CIBIL RankA percentile rank from CIBIL.
CIBIL ReportA credit report from CIBIL.
CIBIL ScoreAn Indian credit score by TransUnion CIBIL.
CirrusA Mastercard ATM network.
CitibankA multinational bank exiting India retail.
Citi MobileA Citibank mobile banking app.
ClearingThe exchange of transaction records between banks.
Closing DateThe date a billing cycle ends.
Co-Branded Credit CardA card co-issued by a bank and a brand for tailored rewards.
Co-Brand PartnerA merchant or brand collaborating with a bank on a card.
CoF TokenisationRBI-mandated replacement of stored card numbers with tokens.
Collection FeeA fee for debt collection efforts.
Concierge FeeA fee for premium concierge services.
Consent ManagementManaging user data consent.
Contactless CardA card with NFC chip for tap-to-pay transactions.
Contactless Transaction LimitMaximum amount payable without PIN entry on tap transactions.
Convenience FeeA fee for using a particular payment method.
Cooling-Off Period for ReapplicationWaiting period before reapplying.
Cooling PeriodTime after billing to reconsider a purchase or cancellation.
Corporate Credit CardA card issued to employees of a company for official expenses.
CORS DeclarationA declaration for CRS compliance.
Courier DeliveryCard delivery via courier.
COVID InsuranceCoverage for COVID-related expenses.
CREDAn app for credit card bill payments and rewards.
Credential StuffingUsing stolen credentials to access accounts.
Credit AgeThe age of your oldest credit account.
Credit AgingHow long a record stays on file.
Credit BalanceA negative balance on your card account.
Credit Balance RefundRefund of a negative balance on the card.
Credit Builder CardA card designed to build credit.
Credit Builder LoanA loan to help build credit history.
Credit BureauAn agency maintaining consumer credit records.
Credit CardA payment card that lets you borrow funds up to a preset limit.
Credit Card EligibilityCriteria for being approved for a card.
Credit Card HackA trick to maximise card rewards.
Credit Card with Lounge AccessA card that grants lounge access.
Credit CounsellingProfessional help for credit management.
Credit FileThe data file a bureau maintains on you.
Credit Grace PeriodA period allowing late payment without penalty.
Credit HistoryA record of past credit usage and repayment.
Credit Information Company (CIC)An RBI-licensed credit bureau.
Credit LimitThe maximum amount you can borrow on a card.
Credit Line on UPIPre-approved credit lines accessible via UPI.
Credit MixThe variety of credit types used.
Credit Policy ViolationA violation of issuer policy during application.
Credit RepairActions to fix credit report errors.
Credit ReportA detailed record of your credit history.
Credit ScoreA numerical rating of your creditworthiness.
Credit Score CheckA request to view your credit score.
Credit Score RequiredMinimum credit score for a card.
Credit Score SimulatorA tool simulating the score impact of actions.
Credit Utilisation RatioUsed credit divided by total credit limit.
Credit Utilisation Ratio (CUR)How much of your limit you use, a key score factor.
CRIF High Mark ScoreA credit score by CRIF High Mark.
Cross-Border ReportingReporting of international transactions.
Cross-Border Transaction FeeA fee for transactions outside India.
Cross-Currency Transaction FeeA fee for transactions in a foreign currency.
Currency Conversion FeeA fee for currency exchange on transactions.
Currency Transaction Report (CTR)A report of large cash transactions.
Current BalanceAll charges and credits not yet billed.
Customer Due Diligence (CDD)The process of verifying customer identity.
Customised CardA card with the cardholder's name or photo on it.
CVV2An enhanced version of the CVV code.
CVV on Card BackThe CVV printed on the card's back.
Daily RateThe interest rate applied per day.
Daily Spend LimitA daily spending limit on the card.
Dark Web MarketAn underground market for stolen data.
Data BreachAn unauthorised release of cardholder data.
Data FiduciaryAn entity processing personal data.
Data LocalisationStoring data within India.
Data PrincipalThe individual whose data is processed.
Data PrivacyThe protection of personal data.
DBS Bank IndiaA multinational bank in India.
DBS digibankA DBS mobile banking app.
DCA ProtectionProtection from debt collection agencies.
DCB MobileA DCB Bank mobile app.
Debit CardA card that deducts purchases directly from your bank account.
Debit MastercardA Mastercard debit product.
Debt-to-Income Ratio (DTI)Total debt relative to income.
Default Interest RateThe interest rate on defaulted accounts.
Default RecordA record of credit defaults.
Deferred InterestInterest deferred to a later date.
Delayed RedemptionA redemption processed over days.
Delhi Airport LoungeLounges at Delhi T3.
Delivered StatusA card status meaning delivered.
Device BindingLinking a card to a specific device.
Device FingerprintingIdentifying a device by its attributes.

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FAQ

Frequently asked questions

How is the FinWiz24 glossary organised?
Terms are listed alphabetically and grouped by category. Each entry has a plain-English definition, an example, and links to the related cards, calculators, or guides where the term is used.
Who decides which terms are included?
Our editorial team curates the glossary. We add new terms as they appear in the market (e.g. a new issuer fee type) and retire terms that fall out of common use.
How do you keep definitions up to date?
Each entry has a "Last updated" timestamp. We review the entire glossary quarterly and update any entry whose underlying definition has changed.
Can I suggest a term to add?
Yes. Use the Suggest Content page and pick "Glossary" as the content type. We review every submission and add it to the backlog if it is a commonly-used credit card or banking term.