Credit card meaning: What is Credit Card

What is Credit Card ? Learn about credit cards , how they work, benefits, and responsible usage. Understand credit card and how it works with ICICI Bank Blogs. A credit card is a financial instrument that enables you to make transactions using credit. You can make purchases up to the amount of your credit limit, which is determined by the issuing bank depending on your income and credit score. A credit card is a plastic or metal card that allows you to borrow money to pay for goods and services, with interest and fees. Learn about the different types of credit cards, how they work, and how to use them responsibly to build your credit history. What is Credit Cards ? Credit Cards is defined as a card which can be used to obtain cash, goods or services up to a stipulated credit limit. The supplier is later paid by the credit card company which in due course is reimbursed by the credit card holder who will be charged interest at the end of the credit period if money is still owing. A credit card is basically a plastic card with a magnetic strip invented with the intention to simplify the complicated banking process for an individual ...