Credit card
hideA credit card is part of a system of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services. The issuer of the card grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.
A credit card is different from a charge card, where a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the shape and size specified by the ISO/IEC 7810 standard as ID-1.
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News tagged with credit card
Security ID cards with built-in holograms (w/ Video)
Dec 01, 2009 |
4.8 / 5 (5) |
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(PhysOrg.com) -- Plastic cards with security features are ubiquitous these days, having a wide variety of uses such as credit cards, employee cards, licenses, and so on. Many have holographic images, but they ...
Gadgets: Card reader helps you shop safer online
Electronics / Consumer & Gadgets
Nov 26, 2009 |
1 / 5 (1) |
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NetSecure Technologies SmartSwipe credit card reader is a new device to help Internet shoppers or small business owners.
UK police make 2 Trojan computer virus arrests
Nov 18, 2009 |
5 / 5 (1) |
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(AP) -- A couple suspected of helping spread some of the Internet's most aggressive computer viruses has been arrested in the English city of Manchester, police said Wednesday.
Framed for child porn -- by a PC virus
Nov 08, 2009 |
5 / 5 (6) |
3
(AP) -- Of all the sinister things that Internet viruses do, this might be the worst: They can make you an unsuspecting collector of child pornography.
Just in the time for holiday shoppers: Personal finance professor offers advice on breaking credit addiction
Nov 19, 2009 |
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(PhysOrg.com) -- An October survey of 3,800 consumers by the National Foundation for Credit Counseling found that more than two thirds (68 percent) planned to pay in cash for their holiday purchases this year, ...
