Credit Card
A credit card is part of a system of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services.[1] The issuer of the card 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, where a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the shape and size specified by the ISO/IEC 7810 standard as ID-1.

More Articles
News Headlines
New Laws Effective January 1, 2010...
Published:Tue, 18 May 2010 21:04:53 -0700
The following legislation will take effect beginning Jan. 1, 2010.......
EDUCATION UPDATE...
Published:Sat, 15 May 2010 10:05:32 -0700
May 17: Fifth-grade field trip for water safety program to PIC water park at 8:30 a.m. May 19: Third-grade field trip for math enrichment to Century Plaza.......
US climate change bill: Your reaction...
Published:Wed, 12 May 2010 17:19:42 -0700
Barack Obamas long-awaited climate bill has been unveiled. Is it good enough?......
Stephanomics...
Published:Wed, 12 May 2010 08:03:52 -0700
Give and take: Tories and Lib Dems trade policies......
How and why?...
Published:Tue, 11 May 2010 03:38:54 -0700
Brian Taylor answers coalition questions......