What is a Credit Card?

What is a Credit Card?

A Credit Card is a card normally made by plastic issued by a financial institution to an eligible customer to make payments for goods and services availed. An eligible customer is one who has ability to pay back the credit used by him or her. The said eligibility of credit worthiness of a person affects the upper limit of the credit card spending. In modern days, instead of plastic card, virtual cards are also in circulation. These are highly secured NFC based Or QR Code based mode of payments.

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2. Read What is Cheque?
3. See What is Banker / Manager Cheque?
4. See What is a Pay Order?
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6. Know What is Crossing of a Cheque Mean?
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13. Read What is a Stale Cheque?
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18. know What is a Demand Draft?
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20. Read What are the types of Travel Cards?
21. See What Is A Branded Credit Card Or Debit Card ?
22. See What  is a Co-Branded Credit Card?
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