It is a fact that carrying a fat wallet to go shopping can be very inconvenient. You have to worry about losing your wallet along with the cash in it and it can be very uncomfortable when you sit down.
Today, because of technology, you no longer need cash to go shopping, pay for groceries or pay for the services you hired. All you need is a simple rectangular plastic card to pay for everything. This card is called the credit card.
Having a credit card is simply a plastic card with a magnetic strip that holds your account information. How a credit card system works is very simple.
First, a credit card system is like a lending system where if you use your credit card, you agree to pay the lender (credit card issuer) the amount of cash you borrowed. You should never mistake a credit card to a debit card. A debit card works by deducting the amount in your bank account.
In credit cards, you will be borrowing money from the credit card issuer and pay it off when the bill arrives in your mailing address. Because of this, you can purchase anything you want provided that the amount of money you borrow is within your credit limit.
You can apply for a...
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