Where is the CreditCardForum Glossary?

For just about anything you want to get off your chest about credit cards.
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Cre
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Where is the CreditCardForum Glossary?

Postby Cre » Thu Nov 06, 2014 9:29 pm

The FO in the BCE on the DL in the FOG... WTF do all of these acronyms mean.

It is darn near impossible to get through a single informative post on this site without being deluged with initials no newby could possibly understand. I need a concordance. A glossary. A wiki sticky that deciphers the language you credit card gurus speak.

I'm sure I'm not the first person to ask. Where is it?
Current Cards:
AmEx Platinum Charge: NPSL, $450 AF
AmEx Reserve Credit: $30K limit, $450 AF
Chase Slate Visa Credit: $32K limit, No AF
Future Strategy:
Near Term: Need a good MasterCard for places that won't accept AmEx or Visa
Long Term: Will downsize out of one or both current AmEx cards to reduce AFs


Nixon
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Postby Nixon » Thu Nov 06, 2014 9:42 pm

Cre wrote:The FO in the BCE on the DL in the FOG... WTF do all of these acronyms mean.

It is darn near impossible to get through a single informative post on this site without being deluged with initials no newby could possibly understand. I need a concordance. A glossary. A wiki sticky that deciphers the language you credit card gurus speak.

I'm sure I'm not the first person to ask. Where is it?


I thought i'd seen an acronym thread around.
Well I can tell you what BCE means. Blue Cash Everyday by AMEX.
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Cre
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Postby Cre » Thu Nov 06, 2014 9:51 pm

Wonderful start. BCE had me stumped for a good long time. Until someone finds that acronym thread, let's just build a temporary one right here. Be right back with more burning letter code questions...

AMEX = American Express

BCE = Blue Cash Everyday by AMEX
Current Cards:
AmEx Platinum Charge: NPSL, $450 AF
AmEx Reserve Credit: $30K limit, $450 AF
Chase Slate Visa Credit: $32K limit, No AF
Future Strategy:
Near Term: Need a good MasterCard for places that won't accept AmEx or Visa
Long Term: Will downsize out of one or both current AmEx cards to reduce AFs

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kcm7
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Postby kcm7 » Fri Nov 07, 2014 9:24 am

I found this old thread with some useful acronyms: http://creditcardforum.com/american-express/5341-what-does-bce-stand.html

Here's another useful term that it took me forever to figure out:

PIF = pay in full
Cards:

-Capital One Quicksilver
-Barclaycard Arrival (no AF)
- US Bank (no rewards)
-IHG

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lobbythis
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Postby lobbythis » Fri Nov 07, 2014 10:42 am

AA = Adverse Action
AAoA = Average Age of Accounts
AFAIK = As far as I know
AG = Attorney General
APR = Annual Percentage Rate
AR = Account Review
AU = Authorized User
BADDIE = Any negative or derogatory item on your report
BBB = Better Business Bureau
BK = Bankruptcy
BT = Balance Transfer
BTW = By the way
BUMP = Used by someone when they are looking for an answer to the thread, but have not received one yet
CA = Collection Agency
CBR - Credit Bureau Report
CC = Credit Card
CCC = Credit Card Company
CCCS = Consumer Credit Counseling Services
CFL = Consumer Finance Loan
CL = Credit Limit
CLD = Credit Line Decrease
CLI = Credit Line Increase
CMRRR = Certified Mail Return Receipt Requested
CO = Charge Off
CR = Credit Report
CRA = Credit Reporting Agency ( TransUnion, Equifax, Experian)
CRO = Credit Repair Organization
CRTP = Credit Reporting Time Period
CS = Customer Service or CreditSecure(R) (depends on context)
CSR = Customer Service Representative
DD = Dear Daughter
Derog = Derogatory
DH = Dear Husband
DMP = Debt Management Program
DOFD = Date of First Delinquency
DOLA = Date of Last Activity
DS = Dear Son
DTI = Debt to Income
DV = Debt Validation
DW = Dear Wife
EQ (also EFX) = Equifax
EX (also EXP, XPN) = Experian
FA = Fraud Alert
FAKO = Generic credit score, not a true FICO
FC = Foreclosure
FCRA = Fair Credit Reporting Act
FDCPA = Fair Debt Collections Practices Act
FI = Fair Isaac
FR = Financial Review
FSR, FS&R = Friendly, Supportive & Respectful
FTC = Federal Trade Commision
FWIW = For What It's Worth
GC = Green Card from Certified Mail
GL = Good Luck
GW = Good Will
HELOC = Home Equity Line of Credit
HIPAA = Health Insurance Portability and Accountability Act
HP = Hard Pull
HTH = Hope This Helps
IIB = Included in Bankruptcy
IME = In my experience
IMHO = In My Humble Opinion
IMO = In My Opinion
INQ = Inquiry
ITS = Intend to Sue
JDB = Junk Debt Buyer
JK = Just Kidding
JMHO = Just My Humble Opinion
JMO = Just My Opinion
LOC = Line of Credit
LOL = Laughing Out Loud
LTV = Loan to Value
OC = Original Collector or Original Creditor
OP = Original Poster or Original Post
MOV = Method of Validation
OT = Off Topic
PC = Product Change
PFB = Planet Feedback
PFD = Pay For Delete
PIF = Pay in Full
PL = Personal Loan
PM = Private Message
PP = Permissible Purpose
PR = Public Record
RECON = Reconsideration
SOCK DRAWER = Where you put CC's that you won't be using for a while
SOL = Statute of limitations
SP = Soft Pull
RTC101T= Read the Credit 101 Thread
SW = ScoreWatch
TC = TrueCredit
TD = Turned Down
TL = Tradeline.. An entry in your credit history.
TU = TransUnion
UTL, UTIL = Utilization of debt to credit line
WO = Write Off
YMMV = Your Mileage May Vary

Cre
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Postby Cre » Fri Nov 07, 2014 10:42 am

Holy smokes! We cross posted. Thank you!
And here are the other contributions not in the long list above:

AMEX = American Express

BCE = Blue Cash Everyday (the 3% 2% 1% card with no annual fee) by AMEX

BCP = Blue Cash Preferred (has better cash back percentages but has a $75 annual fee)

CSP = Chase Shapphire Preferred

FO = Delta Silver Medallion, the lowest tier frequent flyer benefit program on Delta Airlines. Of relevance in credit card discussions as part of a perk strategy to obtain:

MQD = Medallion Qualifying Dollars, and

MQM = Medallion Qualifying Miles...

both of which can be accrued with Delta branded credit cards, by either receiving welcome sign up incentives, or reaching (steep) spending thresholds within a calendar year.
Current Cards:
AmEx Platinum Charge: NPSL, $450 AF
AmEx Reserve Credit: $30K limit, $450 AF
Chase Slate Visa Credit: $32K limit, No AF
Future Strategy:
Near Term: Need a good MasterCard for places that won't accept AmEx or Visa
Long Term: Will downsize out of one or both current AmEx cards to reduce AFs

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Vattené
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Postby Vattené » Fri Nov 07, 2014 11:19 am

Forgive all the familiarity. A lot of the activity on this forum is from seasoned members talking to each other, but we want you to feel welcome - we're all here because we enjoy discussing credit and (hopefully) helping out people new to the credit world and/or confused about its many complex rules. If you ever need a clarification don't hesitate to ask. Even if its from browsing old threads, just revive it and someone will see it and be happy to clarify. I think it would be a great idea for one of the admins to make a sticky thread on credit basics - vocabulary and acronyms included.

I will add some American Express card abbreviations since there are so many and they're used around here quite a bit (some will be repeated):
  • BCE - Blue Cash Everyday
  • BCP - Blue Cash Preferred
  • ED - EveryDay
  • EDP - EveryDay Preferred
  • TE - TrueEarnings (their cobranded card with Costco)
  • SPG - Starwood Preferred Guest
  • PRG - Premier Rewards Gold (a step above the regular Gold Card in their charge card lineup)

And if you see CK, that's Credit Karma. Example: My TU FICO on my Discover statement was 687, but CK has me at 730 even though they also pull from TU; just goes to show how reliable FAKOs are. Hopefully that makes sense now ;)
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

Cre
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Postby Cre » Fri Nov 07, 2014 1:08 pm

Vattené wrote:And if you see CK, that's Credit Karma. Example: My TU FICO on my Discover statement was 687, but CK has me at 730 even though they also pull from TU; just goes to show how reliable FAKOs are. Hopefully that makes sense now ;)


Ha ha... I had to scroll up 5 times to look at the glossary in order to understand the above sentence! Thanks for the word problem!

I agree about making a wiki sticky of the glossary, which is why I will continue to bump this thread to the top of the list every time I learn a new acronym. Eventually, the powers that be around here will likely see the merit in combining all the different additions to this thread into one comprehensive single dictionary that will be a nice tool to navigate through the lingo.

I understand the modern trend of abbreviating everything. It likely is going to continue, with more people using handheld mobile devices to communicate, even on websites such as this. Yet, coming from an older generation, it is hard for me to relinquish the redundancy that is was taught in my schooling, in the interest of unquestioned clarity.

Thanks again for all of the explanations, and please keep the acronyms coming.... I'm sure it will help every newcomer who participates on this forum.
Current Cards:
AmEx Platinum Charge: NPSL, $450 AF
AmEx Reserve Credit: $30K limit, $450 AF
Chase Slate Visa Credit: $32K limit, No AF
Future Strategy:
Near Term: Need a good MasterCard for places that won't accept AmEx or Visa
Long Term: Will downsize out of one or both current AmEx cards to reduce AFs

Cre
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Postby Cre » Fri Nov 07, 2014 1:26 pm

Just read another post, and believe it or not, found yet another acronym not listed in this thread yet. I didn't think it was possible, but here it is:

AF = Annual Fee (?)

I deduced this from the context of the post.
Current Cards:
AmEx Platinum Charge: NPSL, $450 AF
AmEx Reserve Credit: $30K limit, $450 AF
Chase Slate Visa Credit: $32K limit, No AF
Future Strategy:
Near Term: Need a good MasterCard for places that won't accept AmEx or Visa
Long Term: Will downsize out of one or both current AmEx cards to reduce AFs

Nixon
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Postby Nixon » Fri Nov 07, 2014 1:33 pm

Cre wrote:Just read another post, and believe it or not, found yet another acronym not listed in this thread yet. I didn't think it was possible, but here it is:

AF = Annual Fee (?)

I deduced this from the context of the post.


Well.

I can tell you it doesn't mean Absolutely Free. :D
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