Sentences with phrase «extended by the credit card issuer»

An individual's credit limit is the maximum line of credit extended by the credit card issuer or lender.

Not exact matches

An unsecured card is acquired by virtue of your creditworthiness, your credit score and other factors; the card issuer extends credit with no collateral on your part.

Answer: Although you may receive a credit line of just $ 100, consider a store credit card or, as already mentioned, a secured credit card (where you make a security deposit that is typically equal to the credit limit you will be extended by the card issuer) these options are the best opportunity to get a credit card for people who have no credit.

Filed Under: Student Loans Tagged With: delaying student loan payments, income - based repayment plan, student loan, Student Loan Debt, student loan debt extended repayment plan, Student Loans Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any of these entities.

Credit cards are like a loan which is extended to you by the issuer under certain terms and interest determined by your creditworthiness.

A secured card is different then a prepaid card because a secured card is a credit card, a line of credit will be extended to you generally based on the amount of your deposit into an account which is held by the card issuer, the deposit is used for collateral and you must pay the credit card balance due each month.

Also, because they're exempt from the consumer protections offered by the federal Credit CARD Act, you might be charged higher late fees or have your APR suddenly hiked up (though many issuers extend consumer - friendly terms to their business cards).