Credit Cards

Credit Card is a consumer credit. Its offer a convenient and secure payment method as well as a flexible borrowing facility. 

 

When an individual uses the card properly they can provide flexibility and a range of useful benefits for the  cardholder.  

 

Basically there are three options of using a credit card: straightforward purchases, balance transfer to other account, and withdrawing money from ATM (Automated Teller Machine). Providers tend to charge a different rate of interest for each option.

 

When you pay for something using a credit card, the provider is effectively lending you the money. Then you’ll receive a statement monthly which details all the transactions made. You then have a certain amount of time to make a payment. If you repay the balance in full, no interest is charged.