1. Money
You can opt-out at any time. Please refer to our privacy policy for contact information.

credit card issuer

By

Definition: A credit card issuer is a bank or credit union who offers credit cards. The credit card issuer makes the credit limit available to cardholders and is responsible for sending payments to merchants for purchases made with credit cards from that bank. Credit card issuers are also called member banks. Chase and Citi are examples of credit card issuers.

Credit card issuers can't issue credit cards all by themselves, they need the help of payment processing networks like Visa and MasterCard. However, American Express and Discover act as both the credit card issuers and the payment processing network.

 

©2014 About.com. All rights reserved.