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Keys to Credit

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Glossary

Credit Education
Personal Finance
Life Events
Financial Planning
Glossary

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What is a Processing Transaction?

The act of carrying out a financial undertaking with a credit card, such as a credit card purchase, refund, cash advance, or balance transfer.

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Articles

A man smiles as he looks at his laptop while holding a credit card. He may be making a credit card payment in his online bank or credit card account.

Tue Feb 24 2026

How Do Credit Card Payments Work?

Making credit card payments is simple enough. Understanding them and their impact is a little more complex. Here’s how they work — and affect your credit.

Tue Mar 30 2021

How do Credit Cards Work?

You insert the EMV chip of your card into the credit card terminal on the counter, wait a few seconds, politely decline a printed receipt from the friendly barista working the

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Credit Cards