A credit card chargeback is where a transaction is maybe fraudulent or its a transaction that is being disputed by the credit card holder.
A Cash Back credit card returns a percentage of your total amount spent on your credit card over a certian period back to you.
The Cash Back period is usually monthly or quarterly.
A Card Holder is an individual to whom a card has been issued to and who is authorised to use the credit card.
A Card Issuer is a credit card company, financial institution, bank, credit union that issues you with a credit card.
A BIN number means Bank identification number, which means the first six digits of your VISA or Mastercard.
The number is used to identify the credit card company issuing the credit card.
A balance transfer is the process of moving an unpaid credit card debt from one issuer to another.
Most transfers can be done over the telephone or the credit card company provide cheques which you can send to your old credit card company.
A credit card authorisation is where a retailer has a purchase limit for high ticket items where they seek authorisation from the credit card company before they complete the sale. Every retailer has a different limit when requesting authorisation.
An annual fee is charged by some credit card companies for the management of your credit card.
The credit card company usually provides extra benefits to credit card holders that pay a fee.
American express is known as AMEX.
AMEX is one of the main international credit card issuing schemes, along with VISA and Mastercard.
An Additional Card Holder is when you have a credit card and you are able to have an additional card issued for your partner, spouse.
The main cardholder is responsible for ensuring payments on the additional credit card.
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