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Credit Cards

Default

In finance, default refers to the failure to make timely payments as per the signed agreement between a cardholder and their bank. When an account is in default, the issuing bank has the right to charge a higher interest rate as a penalty for the missed payments. It is important to understand the terms and conditions of your credit card to avoid defaulting and incurring additional charges.

International Card

As a knowledgeable professor in finance, it is important to understand the concept of an International Card and its benefits. This type of card allows you to use it abroad,...

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Revolver

A common term used by banks to describe card holders who carry over a portion of their credit card balance to the following month is "revolver". It is believed that approxim...

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Standard Card

Credit cards are a common tool used for making purchases and managing finances. They are typically issued by banks or other financial institutions and come with a range of f...

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Zero Balance

When a credit card holder has paid off all their outstanding balances and has not made any new purchases during the billing cycle, their bill will reflect a zero balance. Thi...

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