Define credit card & it's uses?

Answer 1

a credit card is something you use if you want to be in debt for the rest of your life.

Answer 2

A credit card is a system of payment, 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.

Answer 3

A credit card is a plastic card that fits in your pocket or wallet. It allows you to buy stuff that you have no money for with the expectation that you will reimburse the credit card company for these purchases at a later date and at an elevated price due to the interest rates that they charge you for using the card.

Answer 4

Credit card is a major fraud of the modern time, you take say Rs.10000/- do not pay for 6 months, and see the money how it multiplies, straight it becomes, Rs.30,000, it works out to 300% per six months, no civilised country ever permits to charge this amount, yet in this era, using manipulated acronyms, this white collor fraudester have a extortion racket in the name of banking.

Answer 5

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RE Define credit card & it's uses?

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Answer 6

a credit card has interest charges in whatever you purchased. For example, let's say you want to use your credit card to purchase a pair of pants & a shirt, but your total costs is $30.45. However, you don't have $30.45 in your checking account and you don't have that amount in cash either. So, you decided to charge it. So, the creditor will have hidden interest charges to your $30.45 purchase that you will be paying. I would only use it for large purchases or emergency. Not all the time or else you will be in debt.

Answer 7

Credit card is card which you can get without any initial payment. You can use it for payments with your purse empty. You can pay at a later date but if you fail to you in time, heavy interest and harrasement. Use it only in emergency and pay immediately.

Answer 8

Credit card is a debt card - it tells you how much debt you owe.

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Answer 9

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Answer 10

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