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What are the rules of credit cards?

Updated: 8/17/2019
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15y ago

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Your financial future will be ruined.

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Q: What are the rules of credit cards?
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To apply for a merchant credit card you must be a merchant. You can apply online as long as you comply with all the rules. Becoming a merchant enables you to process credit cards online with a merchant discount.


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Different brands of credit cards (e.g. Visa, MasterCard, Discover, American Express, Diner's Club) are managed by different card associations, each with their own policies and rules. Different types of these cards are for different classes of customers (e.g. business, personal, secured/for people with bad credit, prepaid). There are also store and gasoline station credit cards that can only be used at those places.


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