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What is meant by credit card?
Credit card can surely be stated as any payment card. This is being issued to cardholders and it acts as a substitute while making any kind of payment. It appears to be easy to use and any cardholder has flexibility to make payment for any goods and services and this comes along with a promise to deliver with on time.
The bank is eligible to issue such cards for client and this helps to create a revolving account. Banks can surely enable cardholders to give them with a line of credit so that they become capable of paying money for any goods and services. Credit cards homework help would give you detail information about the assigned topic.
Credit card is said to be an alternate option to cash and helps to eliminate all kind of worries related to carrying of currency denominations. It is a fast way to buy any products with help of cards and no need to wait for completion of cash transactions.
Differentiate from other cards
Credit cards can certainly be differentiated from all other cards available and this distinction can be done based on its abilities:
- Credit card comes is quite different from that of charge cards and this requires balance of credit that needs to be paid bank in every month. While credit cards enable cardholders to maintain balance of due amount which includes some interest charges.
- Credit cards assignment help would give you proper explanation on credit card that is different from cash cards and it can be used in place of currency by cardholders.
- Credit cards include third party entity that would pay for any consumer and this would be compensated by buyer. Charge card can delay payment by buyer.
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