What Is A Credit Card Simple Guide UAE

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┬ápromise 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

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