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What is a Credit Card? Comments

  • By Jocelyn Black Hodes, DailyWorth's Resident Financial Advisor
  • June 21, 2013

A credit card is a tangible card issued by financial institutions to consumers for purchases using borrowed money that they are expected to pay back. Any balance not repaid in full by a specified period of time may be charged interest, typically at a variable rate. 

 

See Also:

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5 Best Cash-Back Cards 

Get More For Your Rewards 

Get More Points in Your Favor 

8 Ways to Cut Your Credit Card Debt 

Credit Union Credit Cards - A Prudent Alternative 

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