Credit Card

Types of Credit Card

Standard Credit Cards
Balance Transfer Credit Cards
Low Interest Credit Cards
Airline Miles Credit Cards
Cash Back Credit Cards
Rewards Credit Cards
Credit Cards for Bad Credit
Secured Credit Cards
Prepaid Debit Cards
Specialty Credit Cards
Business Credit Cards
Student Credit Cards

Credit Card Payment Procedures

Top Banks In U.S.A offering Credit Cards
Bank of India

International Banks offering Credit Cards

Barclays Bank
The Royal Bank of Scotland
Deutsche Bank
BNP Paribas
The Bank of Tokyo-Mitsubishi UFJ Ltd
ABN AMRO
Societe Generale
Credit Agricole SA
Bank of America
JPMorgan Chase Bank
Credit Suisse Group
Citibank
ING Bank

Types of Credit Card Insurance

Credit life insurance
Credit disability insurance
Home » Credit Card

Credit Card

The system of Credit card can be described as a mode of payment in which a plastic card is used instead of hard cash and the plastic card is called credit card which is named after the small plastic card issued to users of the system. A credit card is quite different from a debit card meaning that the later type of card does not remove money from the user's account after every transaction.

The issuer in the case of credit card, lends money to the consumer or the user. In addition to that it is also different from a charge card which requires the balance to be paid in full each month. Contrastingly, a credit card allows every consumer to revolve their balance, at the cost of having interest charged.

It can be said that most credit cards are the same shape and size, as specified by the international ISO 7810 standard.

A user is issued and given a credit card after an account has been approved by the credit provider. , With the credit card its user will be able to make purchases from merchants accepting that credit card up to a pre-established credit limit of that individual. Usually, a general bank issues the credit, but in other cases, a captive bank created to issue a particular brand of credit card. Using credit card have become very common theses days.

After a purchase, the credit card user agrees to pay the card issuer. The cardholder gives their consent to pay, by signing a receipt with a record of the card details. The record also indicates the amount to be paid or by entering a Personal identification number; which is also called PIN. Nowadays, many merchants accept verbal authorizations via telephone and electronic authorization using the Internet. This system is known as a Card not present or CNP transaction.
 
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