What is credit card ?

 What is credit card?

A credit card is a small plastic card issued by a bank, credit union, or other financial institution that enables the cardholder to make purchases on credit. When a cardholder makes a purchase with a credit card, they are borrowing money from the credit card issuer to pay for the purchase. The cardholder is then required to pay back the borrowed funds, plus interest, at a later date.

Credit cards offer a convenient way to pay for purchases, and can be used at a wide range of merchants, both online and in physical stores. They also often come with a variety of benefits, such as rewards programs and extended warranties on purchases. However, it is important to use credit cards responsibly, as carrying a balance from month to month can lead to high levels of debt and costly interest charges.