A gift card is a prepaid debit card with a specified amount that can then be used to make purchases and other financial transactions.
Store Gift Cards (Closed Loop) are for purchases at certain retail stores, while General Use Prepaid Gift Cards (Open Loop) can be used at a wider range of locations.
Some gift cards allow you to withdraw cash from an ATM (ATM).
American Express cards are issued by American Express, a publicly traded financial services company, and are payment cards, credit cards, or prepaid cards.
The average outstanding balance refers to the unpaid portion of any term, installment, revolving or credit card debt that earns interest over a specified period of time.
The minimum monthly payment is the smallest amount of money a borrower can pay on a revolving credit account each month and still be in good standing with the credit card company.
The annual interest rate on a credit card is the annual interest rate that is applied monthly, i.e. the monthly amount charged on the account is one twelfth of the annual annual interest rate.