What is a credit card according to bank?

Credit card

Credit card is an easy method to buy now and pay later

A credit card can be defined as an instrument that provides instantaneous credit facilities to the holders in purchasing goods and services. This card is issued by the bank as a method of payment without using cheques. Generally, banks issue the credit cards to those persons, who have a minimum level of income. Of course, the credit card is accepted by only specified business.

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