Credit Card

A credit card is a payment card issued to users as a system of payment. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them. The issuer of the card creates a revolving account and grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.

A credit card is different from a charge card: a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers a continuing balance of debt, subject to interest being charged. A credit card also differs from a cash card, which can be used like currency by the owner of the card.

The size of most credit cards is 85.60 × 53.98 mm (33/8 × 21/8 in),, conforming to the ISO/IEC 7810 ID-1 standard. Credit cards have an embossed bank card number complying with the ISO/IEC 7812 numbering standard.

Read more about Credit CardHistory, How Credit Cards Work, Features, Security Problems and Solutions, Credit History, Profits and Losses, Over Limit Charges, Controversy, Credit Card Numbering, Credit Cards in ATMs, Credit Cards As Funding For Entrepreneurs, Problems

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City Ledger
... The second major component of the city ledger are credit card accounts ... When a guest uses a credit card, this transaction creates an account receivable for the hotel to be collected from the credit card company ... This account receivable is recorded in the credit card company's city ledger account ...
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... At the end of the session, Stella leaves her credit card on a table as she and Sugar drink more alcohol and discuss the affair ... Kim answers yes, and Sugar then pulled Stella's credit card out of her back pocket ... in their way, they go to the counter to pay for the goods with Stella's card, only to realise that the shop has installed a Chip and PIN terminal ...
Credit Card - Problems
... Because many other countries have introduced smart cards (chip cards) solutions, but the United States has not, travellers from the USA have encountered some problems abroad ... As yet, the US banking system has not updated the cards and associated readers in the USA, stating that the costs would be prohibitive ...
Citibank Philippines - Products and Services - SMS Banking
... phone banking, so that Filipino cardholders could make credit card charges via text message or phone calls ... to send Citi a text message inquiring about their available credit balance, amount due and payment due date ... is available to more than one million credit cardholders ...
Smiley V. Citibank - Aftermath
... Duncan McDonald, formerly general counsel for Citibank's credit-card division ... to set the fees at the $15 they had calculated as a fair market rate, but afterwards some cards late fees went as high as $39 ... On May 22, 2009, the Credit Card Accountability Responsibility and Disclosure Act of 2009 (the Credit CARD Act) was signed into law ...

Famous quotes containing the words credit card, card and/or credit:

    The world is a puzzling place today. All these banks sending us credit cards, with our names on them. Well, we didn’t order any credit cards! We don’t spend what we don’t have. So we just cut them in half and throw them out, just as soon as we open them in the mail. Imagine a bank sending credit cards to two ladies over a hundred years old! What are those folks thinking?
    Sarah Louise Delany (b. 1889)

    There is undoubtedly something religious about it: everyone believes that they are special, that they are chosen, that they have a special relation with fate. Here is the test: you turn over card after card to see in which way that is true. If you can defy the odds, you may be saved. And when you are cleaned out, the last penny gone, you are enlightened at last, free perhaps, exhilarated like an ascetic by the falling away of the material world.
    Andrei Codrescu (b. 1947)

    Taft, laughing, “What troubles [brother] Charles is, he is afraid Roosevelt will get the credit of making me President and not himself.” To Charles: “I will agree not to minimize the part you played in making me President if you will agree not to minimize the part Roosevelt played.”
    William Howard Taft (1857–1930)