What Is Credit Card ?

About Credit Card : A credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt or usage of prepaid debit cards. Credit Cards were originally introduced into Canada in 1984, but have not been approved by any department within the Canadian government as "legal tender."

• ‌What Is Credit Card ?

‌1. A credit card is like a debit card - but better!

‌ - You can use your CC at any point of sale where MasterCard or Visa are accepted. There’s no need to get cash out of your wallet (and give that merchant cash) or wait for a check to clear.

‌ - You don’t have to worry about carrying around physical money, since your card has everything needed to make purchases right there on its chip.

‌ - You can even use it online to pay bills or transfer funds between accounts.

‌ - And if something happens to your card, you’ll never lose access to your account information – just contact the issuer immediately to replace it.

‌ 2. Your credit card is different than a debit card.

• ‌What Is The Use Of Credit Card ?

‌The use of credit card is not only used to pay, but also to earn credit points that can then be redeemed for cash or other rewards when the amount of credit reaches $5,000. With this advantage, people are now using their credit cards more than ever before. We have listed five benefits that credit cards offer to users.

‌ Credit cards are offered by banks or financial institutions like American Express, Barclaycard, BankCard, MasterCard or VISA. They provide individuals with a convenient way to make purchases without carrying cash. Most people get these cards at free events where they sign up for them. Some people even get them from friends who already have a credit card. With the introduction of smart phones, we can now use our credit cards through online banking services. There are also apps designed specifically for smartphones that allow us to carry out transactions anywhere.

‌ There are many advantages of having a credit card. One of the biggest advantages is the convenience of having one. You do not need to worry about carrying around large sums of money or keeping track of your spending. All you need to remember is how much you spend and keep adding new balances to your card until you reach the limit. Another advantage

• ‌What Is A Good Credit Limit ?

‌A credit limit is the maximum amount of money that can be charged in a given period of time. In other words, your credit card company sets this limit and once you reach it, your account will automatically cease charging any additional funds until the balance is paid off. You may have heard of people having their credit cards frozen after they charge too much or spend beyond their limits, but if you’re following a budget, then you won’t run into these types of issues.

‌ The best way to think about setting a limit is to divide what you plan to spend over a certain period of time (say, one month) by how long you expect it to take you. If you plan to spend $200 a week, for example, then set your limit at $100 per week. That means that you should never go above 100% of your weekly spending limit.

‌ If you don’t want to use a hard limit, then you could instead choose a percentage by dividing your total monthly spending by your monthly income. So if you earn $4,000 a month and plan to spend $3,500, then you would set your limit at 50%. Any money spent over 50% of your income will not be added to your balance. This is a good option if you don’t have a fixed limit and you are going to be adding significant amounts of money to your account. Credit Limit: $100/week

• ‌What Is The Best Credit Card Brand

‌Credit cards are amazing tools that can help both consumers and merchants make purchases easier than ever before. They allow us to spend money without having to carry large amounts of cash around. In addition, using credit card makes our lives much simpler by taking out the need for carrying around small bills and coins. If you’re looking for a great brand of credit card, we’ve got some suggestions below.

1. ‌ American Express – American Express offers competitive rates and rewards programs. Their cards have no annual fee and they offer a variety of reward options including airline miles, hotel points, gift cards, and gas discounts. One of their most popular perks is the Blue Cash Preferred® Card from American Express OPEN®, where you earn unlimited 1% cash back on everything you buy at U.S. supermarkets and gas stations.
1. ‌Visa Credit Card - Visa credit card allows you to use your debit card at any store that accepts Mastercard or Visa.

‌ 2. You do not need to have a bank account to obtain a visa card.

‌ 3. A visa card can be used anywhere that accepts cards.

‌ 4. Your visa card should be able to make purchases online.

‌ Capital One – Capital One has been offering a number of benefits to customers since its inception. Some of the best perks include free checking accounts and low interest rate APR. You can apply online and get approved right away. With this card, you can earn 2% cash back at U.S. grocery stores on up to $1,500 spent each quarter.

‌ Citi Credit Card – Citi offers the Citi ThankYou Points program, which allows you to redeem points for flights, hotels, retail shopping, and even Amazon.com gift cards. Plus, you receive a free travel bag upon account opening and you can take advantage of 0% introductory APR on purchases and balance transfers for 18 months.

‌ Discover – Discover has been a trusted name in the industry for decades. They offer great travel deals, no annual fee, and various reward options. The Discover More® Travel is a great option because you receive 6x the value of your Membership Rewards points toward airfare, hotels, car rentals, and cruises booked through the app or website.

‌What Is Cash Back On A Credit Card ?

‌The term ‘cash back’ refers to any amount of money that is given to consumers after they purchase certain products. Credit cards have been the go-to solution for those who want rewards without having to carry a lot of debt. When a customer purchases something through a credit card, he or she receives points or cash rebates that can be redeemed for future purchases or applied towards paying down their balance. These are called rewards.

‌ Cash Back

‌ In general, cash back means that your spending will earn you a reward if you use a particular brand. For example, if you buy Starbucks coffee using a specific credit card, then you could receive a percentage refund when you return home. Rewards become even better if you use specific stores that allow cash back programs for shoppers. This makes sense since retailers tend to provide perks like free Wi-Fi, special deals, etc..