Reference numbers are identifiers (a group of random numbers and/or letters) assigned to credit or debit transactions.
They are used to track transactions and make the work of customer service representatives easier and faster.
Reference numbers are often used in correspondence about a credit or debit transaction.
Other types of reference numbers may include reference numbers on credit cards or loan applications.
They may also include data provided by merchants during a transaction or data provided by customer service representatives when a customer inquires about a product or service.
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.