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credit card debt

credit card debt

35 3.2
Money a person owes because they used a credit card to buy things
  • noun
  • /ˈkrɛdɪt kɑrd dɛt/
translation icon : deuda de tarjeta de crédito
  • Using your tax refund to pay off credit card debt is smart.
  • credit card debt among students
  • college credit card debt
  • measures of credit card debt

Using your tax refund to pay off credit card debt is smart.

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Examples

  • The beginning of the year sets the tone for the rest of the year, and if one of your goals this year is to take control of your credit card debt, now is the time to start.

  • Though it's a bit difficult to get out of credit card debt, it isn't impossible.

    Blog text (1)
  • But if you pay off your credit card debt faster than that will improve your credit score.

  • The second thing that you need to get out of credit card debt is planning.

    Blog text (1)
  • All you need to get out of credit card debt is determination and planning.

    Blog text (1)
  • I'm carrying over eight grand in credit card debt.

    Fiction book (2000)
  • The average American carries four credit cards in their wallet and the average credit card debt for indebted households is more than $16,000.

  • On average, undergrad students have $3,173 in credit card debt and $4,100 by the time they graduate.

    Blog text (11)
  • Using your tax refund to pay off credit card debt is a smart financial decision.

  • If you want to improve your finances, start by decreasing your credit card debt this year.

Synonyms

debt
vscredit card debt
2.6

An amount of money that you owe to someone

is money owed to a financial institution after purchases were charged to an account
indebtedness
vscredit card debt
5 7.0

Owing money to another person or company

is the sum owed to a financial institution after purchases charged to an account

Surface Forms

Morphology

credit + card + debt

The meaning 'debt resulting from using credit cards' is directly and compositionally derived from the constituents 'credit' + 'card' + 'debt' (credit card = payment instrument; debt = money owed). This is a standard noun–noun compound and a cross-linguistically common financial construction, so a B1 learner who knows the component words will readily infer the MWE's meaning.

Etymology

Credit card debt comes from the simple image of a plastic card that gives you credit, so you can 'buy now, pay later' and build up the debt you owe. So, credit card debt means the money a person still owes because they used a credit card.