What is credit card and purpose?

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Accepted Answer

A credit card is a payment card issued by a financial institution, allowing the cardholder to borrow funds to make purchases.

Credit cards allow users to make purchases on credit, with the promise to repay the borrowed amount at a later date.
They often come with a credit limit, which is the maximum amount the cardholder can borrow.
Credit cards may also offer rewards, cashback, or other benefits to cardholders.
They are widely accepted for online and in-person transactions, making them a convenient payment method.
Credit cards can help build credit history and improve credit scores when used responsibly.

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