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What is a Credit Card?
By Jason J Mathews
Credit Card is also called as plastic or plastic money. It can be further defined as plastic card that has an account number assigned to the credit card bearer with a specific credit limit. The credit limit is decided upon the monthly income of the applicant. This card when issued can be used to purchase goods and services and to obtain cash payments on credit. At the end of the specified number of days, the cardholder is billed by the card company for repayment of the credit extended at once or on an installment basis.
One of the most important benefits of using a credit card is that you don't have to carry cash with you. Credit Cards are accepted in almost all businesses around the world. Another important benefit of using a credit card is that you have money for instant shopping. Just imagine your dream dress is being displayed on sale and you don't have enough bucks in your pocket to buy that dress. With the use of credit card you can not only buy that dress but also get time to repay that amount.
Credit Card is a very popular mode of making payments in today's day and age. As a parent if you handover an add on card to your kid, you have the right to set the credit limit on that card which they your kid cant exceed even if he wants to.
Although there are benefits of using a credit card, one should make sure we are using our credit card when it is really important otherwise you will end up spending more than what you wanted to and it will affect your monthly budget.
For further details on credit cards, visit us at Credit Card Universe or Credit Card Deal Maker Or visit at http://www.credit-card-universe.net/ or http://www.credit-card-deal-maker.com/ About the Author Jason J Mathews is a freelance journalist. Jason writes forhttp://www.credit-card-universe.net/ and http://www.credit-card-deal-maker.com/, offering the latest information on credit score. Visit today: http://www.credit-free-score.net and http://www.credit-card-deal-maker.com/ for more information.
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