CREDIT CARD
Credit card is financial instrument is issued by bank.Credit card have pre set credit limit by bnak.Every credit card have credit limit. This credit limit is set by your bank based on your monthly income or your credit score.
A credit card is enable to credit card user to payment any merchant who have POS machine. This uper side photo is POS machine where merchant swipe your credit card.The card issuer bank creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards (stainless steel,)
Credit have 50 days time peroid of bill payment of credit card but your bill is generated fix date on every month there after 20 days time you have to bill payment. You do not pays in this 20 days banks charge penalty and high interest ip to 36% per year on your current outstanding so careful on usuages of credit card pay bill oayment before due date.