single purpose credit card

Definition

A physical sign that the holder has a type of account that can only be employed for a specified use, such as for making purchases at a particular store or retail chain. Some retail stores encourage the issuance of a single purpose credit card to creditworthy customers as a way of encouraging additional purchases and customer loyalty.

Related Videos




http://www.businessdictionary.com/definition/single-purpose-credit-card.html

Today's Top Bulls

72% Bullish
(36 Votes)
70% Bullish
(102 Votes)
69% Bullish
(75 Votes)
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z