Finance Glossary

A score below 650.

A credit card marketed with attractive initial offers that become less valuable after the first year.

A fee for checking balance at an ATM.

Moving an outstanding balance to another card.

A fee for moving a balance to a new card.

A promotional offer for moving balance to a new card.

A private bank offering cards.

Lounges at Bengaluru.

The first 6-8 digits of a card identifying the issuer.

Credit cards offered by Bank of Baroda, including the BOB Credit Card series with various benefit categories.

Public sector bank credit cards.

An offer from the card issuer.

A monthly record of all transactions on a bank account, used as income proof and to assess financial behaviour.

A RBI-appointed authority to resolve unresolved customer complaints against banks, including credit card disputes.

A score assigned by a bank to an existing customer based on deposit balances, loan exposure, product holdings, and account usage.

The standard reward rate on all spends.

Identifying users by behaviour patterns.

Airport lounges at Kempegowda International Airport, Bengaluru, accessible via credit cards.

The top card in a category.

An upgraded BHIM app with credit card linking, merchant payments, and enhanced UPI features.

The government's official UPI payments app built on NPCI's Unified Payments Interface infrastructure.

UPI via the BHIM app.

The total amount of transactions, fees, and charges that have appeared on your credit card statement.

The address registered with the card issuer, used for verification and statement delivery.

A service that consolidates multiple bill payments into a single card payment.

The currency in which your credit card statement and repayments are denominated.

The period covered by your credit card statement.

A formal challenge to an unrecognized, unauthorised, or incorrectly charged transaction on your credit card statement.

An incorrect charge or omission on the credit card statement that the cardholder can dispute.

A temporary restriction placed on the credit card account by the issuer.

Generating card numbers using BIN ranges.

A range of card numbers belonging to one issuer.

A credit or debit card manufactured from plant-based or organic materials that decompose naturally under specific conditions.

Using fingerprints, facial recognition, or iris scans to verify credit card or banking app access.

A card with a fingerprint sensor.

BoB entry-level card.

Bank of Baroda premium card with lounge access and milestone reward benefits.

Bank of Baroda mobile banking app for account management, payments, and credit card services.

The maximum bonus reward earnable during a promotional period, limiting how much extra reward a cardholder can earn.

A multiplier for bonus rewards.

A charge levied when a credit card payment submitted by NACH, ECS, or auto-debit is returned unpaid due to insufficient funds or incorrect bank details.

A fee for a dishonoured cheque payment.

The process of collecting a physical credit card from a bank branch rather than having it delivered by courier.

A voucher redeemable at a specific merchant, often with terms, validity periods, and exclusions.

A digital tool in a credit card app to monitor spending by category and stay within budget.

A premium airport lounge offering food, beverages, work facilities, and showers for business class travellers.

A card designed for company expenses and business owners.

A self-employed individual or entrepreneur eligible for business credit cards and corporate cards.