Additional Card
Additional card is an extra card generated with authorization of the principal user to allow a spouse or partner to make purchases through a single credit card account.

Annual Percentage Rate (APR)
APR or annual percentage rate represents the total cost of using a credit card. This is inclusive of the interest and other charges that may be payable by the user of the credit card.

0% balance transfer
Many credit cards have this introductory period offer which charges 0% interest on any balance transfers to a new credit card. Increasing competition has led more and more credit card providers to come up with such offers.

Payment Protection
Payment protection will provide relief to a user of a credit card who cannot pay the credit card bills because of inability to work by paying a part of the debt until he resumes employment. In the event of death, the payment protection will pay off the debt balance in full.

Interest free cards
This is another competitive offer from credit card providers where they will allow interest free purchases during the first 5-12 months.

Cashback credit cards
For people who pay off their credit card bills on time, credit card providers have a rewarding scheme. This is known as the cashback scheme where you will be returned a part of the bill amount to reward your punctuality.

Credit Reference Search
When an individual applies for a credit card, his credit and other personal details are checked. A credit reference search, as this examination is called, is conducted according to the details available with credit reference agencies.

Cash advance
Cash advance is when an individual uses a credit card account to obtain cash. He will be charged on the withdrawals at a certain cash advance rate.

Credit limit
Credit limit is the maximum sum of money that a credit card company can provide to a consumer. A consumer cannot go above this limit on his credit card at a particular point of time.