credit card payment

Swipe and owe

A credit card payment is money sent to a credit card company to reduce the balance owed on an account.

The term covers both the minimum payment required each billing cycle and larger amounts paid to reduce debt faster: I scheduled my credit card payment for the fifteenth.

Missing a credit card payment typically triggers late fees and can damage credit scores.

Related

purchase · checkout · decline · fraud alert · approval · merchant · PIN · chip · card reader · terminal · receipt · balance · due · due date · minimum · interest · zero percent APR · online

Categories
Opposites
payment method

credit card paymentcash payment

Transaction using physical currency

cash · check payment · wire transfer · bank transfer · cash on delivery

transaction direction

credit card paymentchargeback

Forced transaction reversal

paying down debt · statement credit · minimum payment

Family

credit, payment, credits, credited, crediting, creditor, creditors, creditable, accredit

Familiarity
Top 50,000
Profile
Known to kids · Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G