2007-01-22 20:28:04 · 17 answers · asked by Anonymous in Business & Finance ➔ Credit
hi, I'm earth....have we met???
2007-01-22 20:30:18 · answer #1 · answered by hexabob 3 · 1⤊ 1⤋
A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. A credit card is different from a debit card in that it does not remove money from the user's account after every transaction. In the case of credit cards, the issuer lends money to the consumer (or the user). It is also different from a charge card (though this name is sometimes used by the public to describe credit cards), which requires the balance to be paid in full each month. In contrast, a credit card allows the consumer to 'revolve' their balance, at the cost of having interest charged. Most credit cards are the same shape and size, as specified by the ISO 7810 standard.
Whatever it is, do not go for it.
I have almost ruined my future by using Credit card.
I am now living in a flat purchased for Rs. 8 lakh and driving Honda Unicorn two wheeler. If I have not used Credit Card I would have living in a flat of Rs. 30 lakh and would have been driving Honda city.
2007-01-22 20:34:22 · answer #2 · answered by Anonymous · 0⤊ 0⤋
A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. A credit card is different from a debit card in that it does not remove money from the user's account after every transaction. In the case of credit cards, the issuer lends money to the consumer (or the user). It is also different from a charge card (though this name is sometimes used by the public to describe credit cards), which requires the balance to be paid in full each month. In contrast, a credit card allows the consumer to 'revolve' their balance, at the cost of having interest charged. Most credit cards are the same shape and size, as specified by the ISO 7810 standard.
2007-01-22 20:30:45 · answer #3 · answered by KGJ 5 · 0⤊ 1⤋
Credit card is money in form of plastic card. They are giving you credit i.e loan for few days with hidden cost. And when you are unable to return loan in few days than they are putting 24% of intrest on your loan.
Credit Card = Aa Bael Mujhe Maar
Credit Card = Touta palna
Credit Card = Khadey mein girna
Credit Card = Phansi ka Phanda
2007-01-24 20:39:18 · answer #4 · answered by FARID UR RAHMAN 1 · 0⤊ 0⤋
A credit card is a card which you get it on your own goodwill with the bank.This is like a type of credit given to you by the bank.
2007-01-24 00:28:54 · answer #5 · answered by santpal_goel 2 · 0⤊ 0⤋
A credit card is usually a shiny thing that is very attractive to the eye. It is a very dangerous piece of plastic that can get you in a great deal of trouble if not used carefully.
2007-01-22 20:33:32 · answer #6 · answered by hstoic01 2 · 0⤊ 0⤋
It is a facility to buy without immediate payment. You get card after recognition. You can use it at various shops etc. You will have to sign on bill. You will get statement from Card co. U can pay in instalments. Late payment mean heavy interest.
2007-01-22 23:23:45 · answer #7 · answered by Anonymous · 0⤊ 0⤋
a credit card is a card where u get money and from where u pay things ...
2007-01-22 20:31:16 · answer #8 · answered by victormunteanu 1 · 0⤊ 1⤋
credit card is like a debit card, but here it facilitate to customer without their debit in account.normally it can issue to the salaried employees and business man.. it allow customer to debit his account with in a 50 to 60 days, depending on banks
2007-01-22 23:17:16 · answer #9 · answered by Lakshminarayana P 1 · 0⤊ 0⤋
a card which got maximum credit then any other card is called as credit card.....isn't it?
2007-01-22 21:04:14 · answer #10 · answered by jagsparrow 1 · 0⤊ 0⤋
a card that gives you money in credit by the financial institution such as a bank so that they can rip you off with hidden charges.
2007-01-22 20:39:04 · answer #11 · answered by Anonymous · 0⤊ 0⤋