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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.

Co-Branded Cards

Co-branded cards, a partnership between a lending institution and a non-financial group, are commonly seen in the form of airline, hotel, and retail cards. One of the main p...

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Air Miles

"Let's discuss a common term in the world of finance - Miles. You may have heard of them as a reward for using credit cards. Miles, short for 'airline miles', are accumulate...

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Minimum Payment

As a finance professor, it is imperative to understand the concept of minimum payment in credit cards. This refers to the minimum amount that a card holder must pay in order...

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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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