How Do Credit Cards Work?

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credits card working?

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Other 1 year 1 Answer 345 views Pioneer 0

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  1. Pranit

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    hi ,
    Credit cards are issues by banks.When a person is given a credit card by one of these entities, that person is given a “line of credit”. The line of credit is essentially a credit limit or money limit. That person has credit with many (if not most) businesses which offers goods or services.
    This credit is a “cash advance”. A credit card allows someone to roll over this loan debt from one month to the next. The trade-off for being allowed to do this is that the person must be interest on this credit card debt.

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