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.

National Bank
A national bank is a commercial bank that is chartered by the federal government. It is supervised by the OCC (Office of the Comptroller of the Currency) and is required to be a part of the Federal deposit Insurance Corporation. Most credit card companies are part of a national bank.
National Issuers
When a bank issues credit cards all over the United States, it is called a national issuer. Unlike a state or regional issuer, a national issuer are lender friendly in all fifty states.
Negative Information
Negative Information is information that appears on a credit report that will negatively effect an individual when applying for a loan. The information can stay on record for as long as ten years depending on the type of information.
Net Pay
Net Pay is the money left over after the deductions from gross salary are made like taxes.
New Balance
The new balance is what is still owed on a credit card bill. It shows charges and payments from the last month and recent purchases along with other fees.
NFC stands for near field communication which means that there is a way for data technology to transfer from one wireless portal to another as long as they are a short distance away. For example your cell phone would be considered a NFC and would be able to communicate with some sort of remote computer to accept the message sent.
Back to Top
Advertiser Disclosure
Trust & Security

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