How Do You Spell CREDIT-CARD?

Pronunciation: [kɹˈɛdɪtkˈɑːd] (IPA)

The spelling of "credit-card" uses the IPA phonetic transcription to break down the syllables and sounds of the word. Starting with "cre-" (/kɹɛ/), the first syllable has a short "e" sound and a "k" sound followed by an "r". The second syllable "dit" (dɪt) has a short "i" sound and a "d" sound. Finally, "card" (kɑɹd) has a long "a" sound, followed by an "r" and a "d" sound. Together, "credit-card" is pronounced as /ˈkɹɛdɪt kɑːɹd/.

CREDIT-CARD Meaning and Definition

1. A credit card is a plastic card issued by a financial institution or bank that enables the cardholder to make purchases on credit. It acts as a convenient and widely accepted payment method, allowing individuals to buy goods and services without the need for immediate cash. A credit card is linked to a revolving credit account and allows the cardholder to borrow money from the issuing entity up to a predetermined credit limit.

   Credit cards typically involve a contractual agreement between the cardholder and the financial institution. The cardholder agrees to repay the borrowed amount along with any applicable interest and fees within a specific period, which is usually monthly. Failure to make timely payments may result in additional charges or penalties.

   Credit cards offer a variety of benefits to the cardholder, including the ability to build credit history, earn rewards such as cashback or travel points, and enjoy purchase protections like extended warranties or insurance coverage. They also provide a level of convenience that allows individuals to make online purchases, book reservations, and enjoy the flexibility to pay for purchases in installments.

   However, it is crucial to use credit cards responsibly to avoid accumulating debt. Proper management of credit card usage includes paying bills on time, keeping credit utilization low, and understanding the terms and conditions of the card agreement to make informed financial decisions.

Common Misspellings for CREDIT-CARD

• crecit card
• credit care
• creddit card
• creit card
• credit cad
• creditpcard
• credit0-card
• credit-0card
• creditp-card
• credit-pcard
• credit--card
• creditmcard
• creadit-card
• cretdit-card
• creditc-card
• creitb-card
• crecdt-card

Etymology of CREDIT-CARD

The word "credit-card" traces its origins to the Latin term "credere", which means "to trust" or "to believe". The word "credit" itself comes from the Latin word "creditum", which means "loan" or "thing entrusted to another". The term "card" refers to a small, rectangular piece of plastic or similar material used for various purposes, including identification and payment.

The first documented use of the term "credit-card" dates back to the early 1900s. It was originally used to describe a system of financial transactions where customers could make purchases and delay payment until a later date. Over time, this system evolved, and physical cards replaced account numbers and ledgers.

The modern concept of a credit card, as we know it today, began to take shape in the mid-20th century.