Credit Card

A Credit Card is a Card issued by a Financial Company giving the holder an option to Borrow Funds, usually at point of Sale. Credit Cards Charge Interest and are Primarily used for Short-Term Financing. Interest usually begins one month after a purchase is made, and Borrowing limits are pre-set according to the individual's Credit rating.
A Credit Card is a Card which allows people to Buy items without Cash. When they Buy something, a sales clerk uses it to charge the Money needed to their account, so the person will pay later. They are buying it on Credit, which is the Trust that they will pay it Back Later.
When a Customer Purchases a Product via Credit Card, the Credit Card's Issuing Bank pays on Behalf of the Customer and Customer has a certain Amount of Time to Pay the Credit Card Bill. If a person does not pay within the Time limit (usually a month) they will have to Pay Extra Money, called Interest. Payment using Credit Card is one of most common modes of Electronic Payment. Credit Card is small Plastic Card with a unique number Attached to an Account. It has also a magnetic strip or an EMV Chip in it which is used by Card Readers……

A Credit Card is Issued by a Credit Card provider, like Capital One, and they are Designed to pay for things in Shops or Online. You can also use Credit Cards for Balance Transfers and Taking out Cash (also known as cash advance or cash withdrawal) from an ATM.
You can use your Credit Card WorldWide as they are Accepted in Millions of places at home and Abroad, so they are very Handy in any Language. There are often Fees or charges for using your Credit Card OverSeas, so check your Credit Card agreement before you go.

When you get a Credit Card you will be given a Credit limit. This is the total amount you have available to spend using the Credit Card. You should always leave some Available Credit on your Credit Card for any Lnterest to be Applied.
Details of all transactions you make will be shown on your statement, along with the Minimum Amount you must pay,The Date by which your Credit Card provider must Receive at least your Minimum Payment……
If you do not pay off your balance in full each month, you will be charged interest on the amount remaining on your account. Check your Credit Card Agreement to make sure you know how much you will be charged.
There are a lot of Credit Cards out there Today; In fact, It seems There are New Credit Cards popping up all of the time. There may seem like there is a lot of Choice, and it can be a little Daunting. All Credit Card providers are slightly different, so it's worth taking the time to find the best match for you.
Some Credit Cards are great for making Purchases, some offer deals for balance transfers, but one thing all Credit Cards have in common is they need to be used sensibly.

To apply for a Credit Card you have to be at least 18 years old, and your Application will be based on a number of factors including your Credit Worthiness.
Each Credit Card provider will be looking for different things but they will all look very closely at what you say on your application form and your Credit History. Remember, when applying for Credit Cards always:
“””Check the eligibility criteria - this will give you some idea of whether you are likely to be accepted or not………………………………………..

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