What is a credit card and how to get one

In this post, we are going to tell you what is a credit card, what are its advantages and disadvantages and how and who can get a credit card made and how to pay its bill etc.

What is a credit card?

A credit card is a plastic card, similar to an ATM-debit card, issued by banks. 16 digit card number, expiry date and cvv number are written on the credit card. Money is lent to you in a credit card, meaning it has nothing to do with your bank account balance. With the help of credit card, you can make cashless digital payment anywhere. Payments can also be made on domestic and international shopping sites with credit cards.
You have to pay the amount spent on the credit card to the bank every month. There is also some limit for spending money with a credit card, which your bank decides for you. If you are not able to pay the amount spent by credit card on time, then the bank also imposes some extra charge and interest on you which is a bad news for you.

How and who can get a credit card made

Making a credit card is not as easy as a debit card, it has some terms and conditions, only after fulfilling which the bank can issue you this card. If you do any such service or business from which you get a good and fixed income every month, then your credit card will easily be made. Apart from this, if you are a regular customer of the bank and have a good balance in your savings or current account or you have made fixed deposits and you also pay income tax, then your credit card can also be made. You credit score is also checked for credit card.
E-commerce companies like Amazon and Walmart are also giving their customers the option to apply for a credit card.

Different types of credit cards:

  • secured credit card us bank
  • kroger credit card us bank
  • academy credit card us bank
  • state farm credit card us bank
  • activate credit card us bank
  • balance transfer credit card us bank
  • student credit card us bank
  • apply for credit card us bank
  • platinum credit card us bank
  • business credit card us bank
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