Monday, March 10, 2014

How Credit Card Works explains Sachin Karpe

Credit Cards, Platinum Credit Card, Gold Credit Card

Credit is money that a bank or credit card issuer lends you. You can get a loan for a specific purpose, such as financing a new car, buying a home or paying college tuition. A credit card is a thin plastic card, usually 3-1/8 inches by 2-1/8 inches in size, that contains identification information such as a signature or picture, and authorizes the person named on it to charge purchases or services to his account -- charges for which he will be billed periodically. You can use your credit card worldwide as they are accepted in millions of places at home and abroad, so they are very handy in any language. There are often fees or charges for using your credit card overseas, so check credit card agreement before you go says Sachin Karpe.When you get a credit card you will be given a credit limit. This is the total amount you have available to spend using the credit card. You should always leave some available credit on your credit card for any interest to be applied.