Glossary of Credit Card Terms

Below is a list of credit card and credit industry terms which can assist with reading credit card statements as well as the fine print on credit related documents.

Hard Inquiry
A hard inquiry is an indication on an individuals credit score that someone has asked for a copy. They are the result of an individual who applies for a loan or a mortgage. The hard inquiry has a minuscule negative impact on a persons credit score.
Hold
A hold occurs for example when a person checks into a hotel or rents a car and the issuer will charge an estimated amount until the final amount is determined. The final amount can be released within minutes or hours or even days.
Back to Top
Advertiser Disclosure
Trust & Security
  • Norton Secured
  • BBB logo

Over 1,250,000 cardholders since 2005

As Seen In
  • CNN Money logo
  • The Wall Street Journal logo
  • USA Today logo
  • The New York Times logo
  • PBS logo
  • Forbes logo
  • CBS Marketwatch logo
Credit Card Calculators
PBS logo

Payoff | Balance Transfer