What Is A Credit Card Simple Guide UAE
According to me, a credit card is a sleek rectangular piece of plastic which gives you instant purchasing power without the involvement of physical currency.
According to wikipedia,
” A credit card is a payment card issued to users (cardholders) as a method of payment. It allows the cardholder to pay for goods and services based on the holder’s promise to pay for them.”
So with a credit card,
. You can pay for things and gain their ownership
. You can make the actual payment to issuer later
With a credit card,
. You can conveniently pay for things
. You can instantly pay without exchange of physical currency (instant loan)
Here is a video which explains
. What is a credit card?
. How a credit card operates?
. Difference between debit cards and credit cards
Video: What is a credit card