What do you know about credit card and how it works?

Question

Accepted Answer

Credit card is a payment card issued to users as a method of payment.

Credit cards allow users to borrow money up to a certain limit to make purchases.
Users are required to pay back the borrowed amount along with interest and fees.
Credit cards offer rewards and cashback programs to incentivize usage.
Credit card companies charge merchants a fee for accepting payments through their network.
Credit card fraud is a common issue and users should take precautions to protect their information.

Accepted Answer

credit cards are the plastic with every individual assigned few credit limit he can use money till their credit limited after certain time period he need to pay the amount to particular bank or credit company with the interest assigned on that amount to every individual after certain time period his credit limit increases on the basis their amount or uses. id individual makes the payment on time then their credit limit may increase depend upon their uses 
he may use his credit card on mostly very where rstaurant hotels petrol pump jewellery shop shopping mall and so on

Accepted Answer

A credit card is a physical card that can be used to make purchases, pay bills, or, depending on the card, withdraw cash. The simplest way to think of a credit card is as a type of short-term loan. When you open a credit card account, your credit card company gives you a set credit limit.

What do you know about credit card and how it works?

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