Credit card: Difference between revisions
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* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
* [[Travel and entertainment card]] | * [[Travel and entertainment card]] | ||
* [[Virtual card]] | |||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
[[Category:Liquidity_management]] | [[Category:Liquidity_management]] | ||
Revision as of 09:40, 24 January 2022
A card indicating that the holder has been granted a line of credit.
The credit card enables the holder to make purchases and/or withdraw cash up to a pre-arranged ceiling; the credit granted can be settled in full by the end of a specified period or can be settled in part, with the balance taken as extended credit.
Interest is charged on the amount of any extended credit and the card holder is sometimes charged an annual fee.
