1.1 INTRODUCTION A credit card is a small plastic card issued to users as a means of payment. It allows its holder to buy goods and services based on the holder's promise to pay for them, later. The issuer of the card creates a revolving account and grants a line of credit to the consumer (or the user) from which the user can borrow money to pay a merchant or for use as an advance . A credit card is different from a charge card: a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers a continuing balance of debt, subject to interest...
1.1 INTRODUCTION A credit card is a small plastic card issued to users as a means of payment. It allows its holder to buy goods and services based on ...