noun / verb · neutral

credit

/ˈkrɛdɪt/CRE·dit

Band 5-6speakingtask1task2

an arrangement to receive goods or money now and pay later; money available on a card; recognition of trustworthiness

Examples

I paid with credit because I had no cash.

She has good credit so the bank approved the loan.

The phone company gave me £10 credit for calls.

Band 8 sentence

I prefer to use a credit card for online purchases because it offers buyer protection and makes tracking expenses easier.

Collocations

  • credit card
  • apply for credit
  • give someone credit

Word family

credit nouncredit verbcreditable adjective

Common mistakes

I buy the phone on credit card.I bought the phone with a credit card.

He has many credits in the bank.He has a lot of credit in his account.

Say it for a higher band

5borrow6card7+credit

Synonyms

loan

Easily confused

loan

The bank approved a loan for the new business.

debit

The amount was debited from my account.

Related words

Learn this word with the rest of its set, and get reminded at the right time.

In Shopping & Money

Learn it with its set