Credit Cards
Credit Card
Credit card is the small plastic card used for online payment. The most important thing is hat the money will not drawn at the time of transaction, while ,after thirty days of transaction. The card is issued by the bank for those user who able to do transactions online/.But big question is that how credit card works? After the transaction the user enter his personal identification number and the number is match to your original number which are coated under magnetic tape than transaction issued and merchant or shopkeepers give the receipt for those transactions ,after that the payment is issued within 30 days. The main benefit to use credit card is, you can do transaction without available balance in your account. Mostly credit card is categories in two types one is secured credit card and other is prepaid credit card.
Feature of credit card
- Cash Back Credit Cards
- Rewards Credit Cards
- Low Interest Credit Cards
- Instant Approval Credit Cards
- No Credit / Bad Credit Credit Cards
- Student Credit Cards
- Business Credit Cards
- Balance Transfer Credit Cards
- Hotel & Airline Credit Cards
- Prepaid Credit Cards
Parties involved through credit card Transaction
- Owner of the card.
- Shop keeper or other business area where you are doing transactions.
- Bank
- Transaction network
There are various type of credit card using in market these are
- Visa
- MasterCard
- Discover
- American Express
