What is a Credit Card?

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:

How I Ditched My Debt For Good

Is Your Debt Ratio Healthy?

Ask An Advisor: Help! I’m Running Out of Money

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