Credit card

You can use a credit card to buy things and pay for them over time. But remember, buying with credit is a loan; you have to pay the money back. What’s more, if the credit card company sends you a check, it’s not a gift. It’s a loan you have to pay back. In addition to the cost of what you bought, you will owe a percentage of what you spent (interest) and sometimes an annual fee.

Definition of Credit card

Charge card

Chargeback

Credit

Credit card liability

Debit card

Grace period

Smart card

Banking

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