Credit Card Glossary

Puzzled by credit card jargon? Browse the glossary for the definitions of common and confusing credit card terms.

Overdraft protection

A service a bank offers on checking accounts, covering transactions that are made (via check or debit card) even when there isn't enough money in the account to pay those checks. With overdraft protection, you won't have to pay for bounced checks or deal with the inconvenience of a declined debit card. Yet there can be substantial fees involved in overdraft protection.