Finance - Credit cards
Credit card jargon should be fairly straight forward and easy to understand. Thankfully there is not too
much credit card jargon speak at this time unlike our finance jargon section.
This section does not include the legal side to credit card jargon and other references should be made
within our jargon buster directory.
Credit card jargon affects most adults due to our love affair with debt and the ease of carrying
virtual money with the similar ease of making purchases that exploits most weak willed people to their own
Credit Card Jargon.
An extra card enables a spouse or partner to make purchases on the same credit card account. Why not share the
benefits of your Royal Bank of Scotland credit card at no extra cost?
Annual Percentage Rate (APR)
This is the cost of credit calculated on an annual basis.
Transfer and Save
You may be able to save money by transferring balances from your other credit cards and store cards to your
Royal Bank of Scotland credit card which offers a highly competitive interest rate. There is no fee for this
service and your other accounts won’t be closed. So if you’re collecting points towards free gifts or discounts on
your other cards, you still can! Just transfer part or all of the balances to your Royal Bank of Scotland credit
card and you may be able to benefit from our competitive rate of interest.
Card Payment Protection
This ensures you can meet your repayments in the event of accident, illness, unemployment or death. It is
excellent value at just 76p for every £100 outstanding balance – and would repay 10% of your outstanding balance
every month if you were unable to work, and pay off your balance in full in the event of your death.
Sentinel® Card Registration
Takes the hassle out of reporting your lost or stolen credit cards. Just one free phone call whether at home or
abroad will stop all your credit cards and arrange replacements for just £16 a year.
It’s possible to use your credit card to get cash across the counter at branches of the Royal Bank and other
participating banks, or through the world wide network of cash machines that carry the Visa or MasterCard logo.
Credit Card Cheques
These are cheques issued by the bank for use with your credit card account. They make it easy for you to pay for
goods and services in the few establishments where credit cards are not accepted.
Credit Reference Search
The application information you provide will be subject to a credit search with a credit reference agency in
order to assess your credit rating and establish your identity, where required. Each time a credit search is
conducted it is recorded against your details held at the credit reference agency.
ADD YOUR OWN JARGON TO THIS SECTION:-
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