Credit card
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A credit card is a payment card issued to users as a system of payment. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them. The issuer of the card creates a revolving account and grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.
Credit card
- 6. Interest charges.. ?Waiver interest charges if the balance is paid in full each month. ?Charge full interest on the entire outstanding balance from the date of each purchase if the total balance is not paid.
- 7. ?Cardholder ?Card-issuing bank ?Merchant ?Acquiring bank ?Independent sales organization ?Merchant account ?Credit Card association ?Transaction network ?Affinity partner
- 9. Features ?Easy way to track expenses ?larger establishments in almost all countries ?Available with a variety of credit limit ?Consumers' limited liability ?Dimensions
- 10. ?Business Credit Cards ?Secured credit cards ?Prepaid "credit" cards
- 11. ?Allows small short-term loans ?Offer rewards and benefits packages ?Offer a loyalty program
- 12. Credit cards in ATMs