The act of obtaining someone else's credit card information, by either wordtrashing/word which hardly works anymore, or hacking an online store, or simply looking at someone else's card and writing down it's number and exp. date. Once the card info is obtained the person doing the carding will usually have a drop point (an empty house or building) and have the items ordered with the credit card shipped there to make the whole act pretty untraceable.
Example: My classmate told me that an offer from MIT was on the cards. As per the lastest poll, it is in the cards that the result of the upcoming election may produce a hung parliament.