Credit card: Difference between revisions
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imported>Doug Williamson (Categorise page & link with Debit card page.) |
imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
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Interest is charged on the amount of any extended credit and the holder is sometimes charged an annual fee. | Interest is charged on the amount of any extended credit and the holder is sometimes charged an annual fee. | ||
== See also == | == See also == | ||
* [[Credit]] | * [[Credit]] | ||
* [[Debit card]] | * [[Debit card]] | ||
* [[Payments and payment systems]] | |||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
[[Category:Liquidity_management]] | [[Category:Liquidity_management]] | ||
Revision as of 16:23, 29 November 2014
A card indicating that the holder has been granted a line of credit.
It 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 holder is sometimes charged an annual fee.
