Financial History
An antique form of a credit card.
What is a charge coin?
What is a charge plate?
1% to 3%
What is the minimum amount of principal required in my payment each month?
Will also accept
What is the amount the credit card companies charge merchants?
This non-profit institution requires membership.
What is a credit union?
A revolving line of credit.
What is a credit card?
Safety from overdrawing your account, attached to a line of credit or a savings account.
What is overdraft protection?
A card issued by a bank and used only for withdrawing cash from your accounts.
What is an ATM card?
Fee charged for missing your required payment date, often $35.
What is a credit card late fee?
Protects a consumers account holdings at a bank or credit union for up to $250,000 per account.
What is FDIC insurance?
300 to 850
What is the credit score range?
This account type typically requires a higher minimum balance than a savings account and earns a higher interest rate.
What is a money market account?
A document that a consumer uses to make purchases or pay bills, in the absence of cash.
What is a check?
Highest interest earning account that is FDIC insured.
What is a Certificate of Deposit (CD)?
Genpact, as a service provider for financial institutions.
What is a Business Process Outsourcer (BPO)?
Permitted to use someone else's credit card.
What is an authorized user (on a credit card)?
A mobile application or web feature that allows one to pay their bills.
What is Web Bill Pay?
One of the original charge cards, it allowed consumers to purchase goods from a variety of stores.
What is Diner's Club?
What is AMEX?
Determined and calculated by your credit score and payment history.
What is my credit card rate?
What is my credit card limit?
An institution of any kind owned by shareholders.
What is a publicly traded company?
A card backed by your own deposit, and typically used to build credit.
What is a secured credit card?
Benefits earned for using a specific card, or shopping at a specific retailer.
What are reward points?
A simple mechanical machine used to process a credit card transaction using carbon paper.
What is a credit card imprinter?
What is credit card machine?
A yearly charge for having and maintaining a credit card account.
What is an annual fee?
Popular in the 80's, these institutions were designed for lending money to purchase homes.
What is a savings bank?
The time between receiving your statement and the due date of your payment.
What is the Grace Period?
Originally called "passbook," this application allows consumers to pay for goods and services without a physical card.
What is Apple Wallet?