A credit card used to run up debt which is then assumed by another. Typically obtained either by college students or Southern European nations.
College Student #1 "I'm tapped out & have no money to shop and party."
College Student #2 "Well, you need a Greek credit card."
months later...
Parent "I just got your credit card bill in the mail. You need to go get a job because I'm not paying this!"
College Student #1 "Geez, don't be so German!"
College Student #2 "Well, you need a Greek credit card."
months later...
Parent "I just got your credit card bill in the mail. You need to go get a job because I'm not paying this!"
College Student #1 "Geez, don't be so German!"
by jrcdmc June 20, 2011