PUT ON CARD Meaning and
Definition
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"Put on card" is a financial term used to describe the act of charging a purchase or expense to a credit card, typically for the purpose of making a payment at a later date. In this context, a card refers to a plastic card issued by a financial institution, such as a bank or credit card company, that allows individuals to borrow funds up to a certain credit limit.
When a transaction is put on card, it means that the cost of a product or service is being paid for using the credit available on the card. The individual making the purchase does not have to provide immediate cash or funds, but instead incurs debt to be repaid later, usually with added interest charges.
Putting a purchase on card involves swiping the credit card or providing the card details to the merchant, who then processes the transaction electronically. The amount charged is typically added to the cardholder's outstanding balance, which accumulates until it is settled with a payment.
This payment method offers convenience and flexibility to consumers, allowing them to make purchases without carrying cash or immediately deducting funds from their bank accounts. However, it is crucial to manage credit card spending responsibly to avoid accumulating excessive debt or facing high interest charges.
Common Misspellings for PUT ON CARD
- out on card
- lut on card
- -ut on card
- 0ut on card
- pyt on card
- pht on card
- pjt on card
- pit on card
- p8t on card
- p7t on card
- pur on card
- puf on card
- pug on card
- puy on card
- pu6 on card
- pu5 on card
- put in card
- put kn card
- put ln card
- put pn card
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