credit-card

Vocabulary Word

Definition

A 'credit card' allows you to purchase goods or services on credit. It's like a short-term loan from a bank or credit card company. The amount you owe for your purchases, plus any interest, is paid back over time.

Examples in Different Contexts

For retail banking, 'credit-card' offerings include various types such as rewards, cashback, and low-interest cards tailored to different customer needs. A bank manager might explain, 'We offer a range of credit-card options to suit our customers' spending habits and financial goals.'

Practice Scenarios

Marketing

Scenario:

There's been an interesting shift in our customers' purchasing behavior over the last quarter.

Response:

Could it be that the increase in credit card transactions is a sign of growing consumer confidence?

Business

Scenario:

We need to ensure our team has resources for their travel to the conference next week.

Response:

So, should I use the company credit card to cover the team's travel expenses?