what is credit card ???!!how can we use it??is it safe enough????

Answer 1

credit card also known as plastic money is now a days used by most of the people.there are 3 major credit card companies they are visa, master card, American express card. credit cards now generate huge income to the banks which issue them. they are issued to the people having certain source of income. and based on the income of a person, the limit will be set by the banks and credit card issuing companies.whenever you go for shopping ,after making sure that shop honours credit cards, normally shops display we accept visa cards , master cards like. after shopping you just have to handover your card to the merchant and he will swipe it before you and after checking the bill amount and the amount printed on that charge slip, you are to sign and give it back one copy to the merchant. normally you will enjoy interest free up to 50 days.we should not tell any body the security no that means the last three digits printed on the back side of the card.it is not 100 percent safe to use for on line transactions. for more particulars, log on to any bank's website and you will get all information. popular site is www.citibank.co.in

Answer 2

see credit means An accounting entry acknowledging income or capital items and card means A card certifying the identity of the bearer credit cards are issued by several banks and at the time of shopping u no need to pay in cash the shopkeeper will swap ur card and the amount will get deducted from ur card but yes u have to pay service charges which is round abt 3% or more. so if u had purchase say a mp3 player for 13000 then it wil cost u 13000+ 3% service charges but the best part is that u r paying at the end of the month. it is safe to use credit card but use it in a proper way and never ever leave ur credit card anywhere...

Answer 3

Hi Aish,
A plastic card bearing an account number assigned to a cardholder with a credit limit that can be used to purchase goods and services and to obtain cash disbursements on credit, for which a cardholder is subsequently billed by an issuer for repayment of the credit extended at once or on an installment basis.

or

A bank-issued card that allows consumers to purchase goods or services from a merchant on credit.

or

A card indicating the holder has been granted a line of credit. It enables the holder to make purchases or withdraw cash up to a prearranged ceiling. The credit granted can be settled in full by the end of a specified period or can be settled in part, with the balance taken as extended credit. Interest is charged based on the terms of the credit card agreement and the holder is sometimes charged an annual fee.

or
Any card, plate, or coupon book that may be used repeatedly to borrow money or buy goods and services on credit.
or

It is safe but not in case of when u lost it.......

It is good when u can pay bill regularly and if u have good salary...otherwise....my good advice to you to keep away from it.......

Answer 4

It is Electronically readable card which is given by a bank; If you apply for one and it has unique id and PIN which should be kept in secret by you. You can use this card for shopping,airline ticket reservation and for any business transactions which accepts credit card. Then you need to pay back that amount to bank. The only advantage is that you can avail money when you badly in need and more advantage is that you can use this for online transaction through internet etc.,For Example you can book air ticket through internet using credit card. This is safe as long as your Credit card number and PIN number not known to anyone.

Answer 5

A credit card is a just that a card that a company like Kohl's, JC Penney's, MasterCard, Visa you charge things on it and then pay it when the bill come in. But if you don't know what one is then it is better you don't get one.

Answer 6

Where are you from??? Never heard of a credit card??? Trust me, leave it - it is just trouble!!

Answer 7

You really need help.

Learn about them here:


http://www.expert-credit-advice.com/credit_card_expert.htm

Answer 8

that's ur care about ur credit card
if you keep it safe and spend a money
optimum level it will be
better

Answer 9

In your case, I would say stay away from it.