answersLogoWhite

0

What are credit cards?

Updated: 9/11/2023
User Avatar

Wiki User

13y ago

Best Answer

A credit card is something that is like a loan. People use their credit cards at stores and the credit card company automatically pays the store back. Then you basically pay the money back that you borrowed from the credit card company over a few months.

A credit card is a card that allows you to borrow money for paying your purchases, for a product or a service, with a set limit. The card may be used repeatedly, until the set limit is reached. At the end off every month, you have an option to repay the whole amount; or only a fraction of the whole amount you owe; even a minimum amount. Credit cards are issued by banks, savings and loans, retail stores, and other businesses.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are credit cards?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What credit cards does the Bank of America offer?

Bank Of America offers many different credit cards. It offers cash rewards credit cards, points rewards credit cards, travel and airline rewards credit cards, lower interest rate credit cards, and build or rebuild credit cards.


Who is charged for misusing credit cards?

People who misuse credit cards are charged for misusing credit cards.


What are airline credit cards and how are they different from regular credit cards?

Airline credit cards are credit cards issued by airlines. They have no real benefits over regular credit cards, apart from the fact that you can collect Air Miles with them.


Are processing rates lower for debit cards vs credit cards?

credit cards


What are some of the dangers of credit cards?

the dangers of credit cards?


What is the definition of plastic money?

Credit cards.


What credit cards does gamestop accept?

All Credit cards


What companies offer interest-free credit cards?

Here is a site that talks about interest free for 18 months credit cards www.moneysavingexpert.com Cards , Here is a site that talks about credit cards www.moneysupermarket.com/credit-cards


What is a list of reliable credit cards?

There are many credit card companies that offer reliable credit cards. However, my list of reliable credit cards would include Visa, MasterCard, HSBC, and RBC credit cards.


What are the downsides to Sears credit cards?

Sears credit cards are like most credit cards. They are convientient when you are low on cash,. Howver, like most credit cards, they have high interest rates.


Where can one apply for credit cards with rewards?

One can apply for credit cards with rewards at websites such as Credit Cards and Credit. Other websites that one can apply for these cards at include Visa and TTBank.


Which credit cards are secured?

Secured credit cards require that you supply a cash deposit as collateral that becomes the actual line of credit. When first establishing credit or reestablishing credit secured credit cards are an excellent method to use and most banks will be able to provide information on the secured credit cards they offer.