Credit card

What Is A Credit Card ?

Simple terms, a credit card is just a small piece of plastic that easily fits in your wallet. Now is not ' just a piece of plastic '; This is a very powerful piece of plastic, which can be considered a compressed form of money. We can define the credit cards as a credit system, consumers lend money in real-time by a bank or financial institution and use it, you can make payments to merchants.

To obtain a credit card, a consumer application that actually is an agreement between the credit card supplier and consumer credit card. The credit card company approved application form and a small piece of plastic (i.e. credit card). This plastic (or credit card) contains security information electronically in the form of magnetic tape (which is usually in the back of your card) encrypted. This information is used to authorize official payments when the consumer uses the credit card. The consumer can the credit card used to make purchases in shops or on the Internet, etc. It is of course subject to the ability of the Distributor accept payment by credit card. Accepts credit cards, but it is not enough. The dealer should be able to accept credit card payments organization of credit card (credit card you hold) such as VISA, MasterCard, etc. You can also use the credit card, money from ATMs (ATM)-also known as ticket vending machines or day and night.

Credit cards, there are eight organizations and most of you are working in many of the country. Is the American Express, Citi, Diners Club, discover, JCB, MasterCard and VISA. VISA and MasterCard are probably the most popular. Then there's credit card provider or issuer, Déchirages with these organizations and issuing VISA cards (such as the HSBC VISA card) in its name, for example, you send different databases

This is a payment by credit card, must be the credit card glissée high-grade machine (as a personal shopping) or credit card details for processing special credit card must be registered on the site of the dealer (online shopping). The credit card sends on to account for these transactions to consumers, which is then obliged to pay the total or partial amount (minimum). If you pay in full, the credit card is not free of cost of interest on the amount that you have that, if the interest is loaded. If you can not even the minimum numbers, country you also with late payments. In addition, the maximum amount you can spend per month using your credit card is usually a restriction is imposed by credit card.