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Terms that begin with O

Overdraft protection

Many credit card companies offer overdraft protection.  Generally, for a fee, the overdraft protection allows a cardholder to exceed a predetermined authorized dollar limit.  The overdraft protection will also have a limit the cardholder can exceed the original authorized dollar limit on charges.

Previous Credit Card Term: Over-the-limit fee

Next Credit Card Term: Penalty APR

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.