What is credit card?
A small plastic card issued by a bank, building society, etc., allowing the holder to purchase goods or services on credit.
A credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on the cardholder’s promise to the card issuer to pay them for the amounts plus the other agreed charges.
What Are the Advantages of Credit Cards?
- Opportunity to build credit.
- Earn rewards such as cash back or miles points.
- Protection against credit card fraud.
- Free credit score information.
- No foreign transaction fees.
- Increased purchasing power.
- Not linked to checking or savings account.
- Putting a hold on a rental car or hotel room.
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