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the credit card is no good

A credit card works as a revolving line of credit. Of course some rates can be quite high but it is meant to be used as a short term financing option. A credit card is a great thing to have as long as you remember that you have to pay it back and you have to pay interest. Use it for what it is intended for. Emergency situations, not just because you want something.

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14y ago

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Can you explain how a credit card transaction works?

A credit card transaction works by the cardholder using their credit card to make a purchase. The merchant then sends the transaction information to the card issuer for approval. If approved, the card issuer pays the merchant, and the cardholder is responsible for paying back the amount to the card issuer.


How do you go about applying for a credit card?

In order to find out what the pros and cons of a credit card are and how you use one, you may need to talk to a credit card company representative or someone else who owns a credit card that can explain how it is used and how it works.


When should I open a credit card?

You should consider opening a credit card when you have a steady income, understand how credit works, and can responsibly manage your spending and payments.


What credit card can you get without you having credit?

Typical credit cards are unsecured credit cards. If you have no credit history, you cannot get an unsecured card. Instead, you must apply for a secured credit card. It works kind of like a savings account. Say you give them $300 then they give you a credit card with a $300 limit.


Which credit card companies offer easy to attain credit cards with those with bad credit history?

Several credit card companies like Capitol One are now offering services to customer who need a credit card but have a bad credit history. These service include the ability to obtain a prepaid credit card that works just like a normal credit card.

Related Questions

How can I open a new credit card to finance my new business?

A business credit card can be great if you can find a card that works for you. Check out several credit card provider websites to find a plan that works for you then apply online, over the phone, or at your bank.


Can you explain how a credit card transaction works?

A credit card transaction works by the cardholder using their credit card to make a purchase. The merchant then sends the transaction information to the card issuer for approval. If approved, the card issuer pays the merchant, and the cardholder is responsible for paying back the amount to the card issuer.


How does web credit card processing work?

Credit card processing works on webpages when buying something. The credit card makes the order, it is processed through the card company and seller's webpage.


Can you adopt a kid with a credit card?

No, I don't think that you can adopt a kid with a credit card. Sorry, Hope it works out for the best.


Does my credit card work in Egypt.?

Credit works well in every country for as long as your merchant has a device and your credit card must have the MasterCard, visa, JCB and other credit card provider logo's in it.


How do you go about applying for a credit card?

In order to find out what the pros and cons of a credit card are and how you use one, you may need to talk to a credit card company representative or someone else who owns a credit card that can explain how it is used and how it works.


When should I open a credit card?

You should consider opening a credit card when you have a steady income, understand how credit works, and can responsibly manage your spending and payments.


What is an SBI credit card and rates?

In order to find out what an SBI credit card is and what the rates are for this kind of card, you are going to have to ask someone who owns one or someone who works at your local credit union.


What credit card can you get without you having credit?

Typical credit cards are unsecured credit cards. If you have no credit history, you cannot get an unsecured card. Instead, you must apply for a secured credit card. It works kind of like a savings account. Say you give them $300 then they give you a credit card with a $300 limit.


Does the Kohls Credit card only work in store?

The Kohl's credit card only works in Kohls. It is not a major credit card and therefore can only be used at that store. Other credit cards are available for use at other stores.


Which credit card companies offer easy to attain credit cards with those with bad credit history?

Several credit card companies like Capitol One are now offering services to customer who need a credit card but have a bad credit history. These service include the ability to obtain a prepaid credit card that works just like a normal credit card.


Can you please tell me how credit card processing works?

Credit card process works this way: One fills out a form online or paper, the for gets reviewed for a credit check and based on a person's credit check, the application can be declined or a certain amount can be provided (credit limit) if the application is approved.