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charge account credit

charge account credit

3.9
A way to buy now at a shop and pay later up to a set limit you can repay anytime
  • noun
translation icon : crédito de cuenta a crédito
  • The department store offered a charge account credit to frequent shoppers, letting them pay for purchases later.

Examples

  • She checked her charge account credit balance before making another large purchase.

  • Many retailers offer charge account credits to loyal customers.

  • Many retailers restrict the spending limit on a charge account credit based on a buyer's creditworthiness.

  • I opened a charge account credit at the local store.

  • She checked her charge account credit balance before making another large purchase.

  • Many retailers restrict the spending limit on a charge account credit based on a buyer's creditworthiness.

  • The department store offered a charge account credit to frequent shoppers, letting them pay for purchases later.

Synonyms

credit
vscharge account credit
3.1

An amount of money you can borrow now and pay back later

is specifically a consumer purchase borrowing line with a set limit
line of credit
vscharge account credit
  • Specialized
24 3.1

A plan from a bank that lets you borrow up to a set amount

is a consumer purchase arrangement rather than general institutional borrowing
credit line
vscharge account credit
6 3.7

The largest amount a bank allows you to borrow when needed

is aimed at consumer purchases up to a set limit rather than bank loans
open account
vscharge account credit
5 4.3

An agreement to get goods or services now and pay later

is an ongoing consumer borrowing setup allowing use up to a set limit
consumer credit
vscharge account credit
4 3.3

Money people borrow to buy things for their home or family not for business

is one specific consumer borrowing option that limits purchases up to a set amount
charge account
vscharge account credit
2 3.4

An account at a store that lets you buy now and pay later

sets a purchase limit and allows reducing the balance at any time
revolving credit
vscharge account credit
  • Specialized
1 5.6

A loan you can use again up to a set limit while you repay the balance

is the consumer term for the same repeated borrowing arrangement
credit account
vscharge account credit
1 3.2

An arrangement with a shop that lets a customer buy now and pay later

is limited by a set spending maximum and allows repayment flexibility
open-end credit
vscharge account credit
  • Specialized
6.2

A borrowing plan that lets you borrow up to a set limit and use it again as you repay

is specifically for consumer purchases up to a set limit
revolving charge account
vscharge account credit
  • Specialized
7.5

A payment plan that lets you keep owing money and pay over time

focuses on repaying or reducing the balance anytime rather than monthly carryover
personal credit line
vscharge account credit
3.7

An agreement with a bank that lets a person borrow money up to a set limit when needed

is aimed at buying goods up to a limit rather than general personal borrowing
personal line of credit
vscharge account credit
  • Specialized
4.8

An agreement with a bank that lets a person borrow money up to a set limit when needed

is meant for consumer purchases rather than flexible cash use

How Big

equity credit line
  • Specialized
6.8
personal loan
  • Specialized
7 2.6
charge account credit
3.9
overdraft
11 4.7

Surface Forms

Morphology

charge + account + credit

The overall sense — an account that allows purchases on credit — is directly inferable from the constituents: 'charge' (to bill/put a cost on), 'account' (a customer account), and 'credit' (a financial arrangement to pay later). This is a straightforward financial composition (similar patterns exist in other languages), so a B1 learner who knows the component words would readily grasp the meaning.

Etymology

Charge account credit comes from old shops where the shopkeeper would write a buyer's purchases on their account and charge them, giving the buyer credit, or trust to pay later. That's why charge account credit today means a line that lets you 'buy now, pay later' up to a set limit.