What are Credit Cards?
In layman's terms, credit card is a small piece of plastic that easily fits in your wallet and acts as a substitute for cash. However, that's really a layman's definition. A credit card is actually an agreement of credit between you (the person who uses the credit card) and the financial institution (who provides you credit or credit card services) that you will pay back the borrowed money (the expenditure you make using your credit card) to the financial institution in accordance with the terms and conditions defined in the agreement. In plain words, it's an agreement between a lender and borrower where the lender is the credit card company and the borrower is you.
The application for credit card is actually the service agreement and has all the terms and conditions that applies to your credit card. You should always read these terms and conditions carefully, especially the ones related to fees, interest rates or any kind of monetary charges.
Generally, the credit card companies charge a small annual fee to provide this service to you.
The general eligibility criterion for acquiring a credit card is pretty simple ? you must be over 18 years and have a regular source of income. However, the credit card company will check your credit history and ask you to provide references etc before they qualify you as eligible for getting a credit card from them. Credit history is maintained by all the financial institutions who give credit and you might already be using the services of one or more financial institution in the form of a mortgage or a car loan. Credit history is nothing but your payback history of any credit you have taken from any financial institution.
Credit cards have undergone a lot of transformation since their advent. Most credit card companies provide a range of products (or credit cards) to cater to the needs of various sections of the society and to attract more and more customers.
These include co-branded cards which are actually collaborations between a credit card company and a business organization (e.g. a departmental store). Such co-branded cards provide discounts to the consumer whenever he/she pays the business organization using that particular credit card. One such example of a co-branded card is the American Express Delta Sky Miles Card. There are other cards which are in fact floated by big business chains or department stores themselves e.g.
JCPenny or in fact any big business. Such cards offer special benefits to their customers. Thus there are all sorts of credit cards available in the market and you really need to evaluate your needs before you arrive at the card which suits you the best.
However, all the credit cards or credit card products can really be classified into 2 types of credit accounts:
1. Revolving account: As the name suggests, in this type of account the credit revolves every month i.e. you have the option to make either a full payment every month or a partial one.
Of course, if you make no payment then besides the amount you owe, you also have to pay a penalty fees and interest. Revolving accounts are the most popular ones and the department-store credit cards or the ones issued to individuals initially belong to this category. When one refers to a credit card in general, one is referring to a revolving credit type of account.
2. Charge type: Here, the agreement is that the consumer will pay back full amount owed every month. So no interest charges are involved here unless you default.
This should give you a fair idea about what we mean by a credit card.
Thus begins your journey on the fascinating world of credit cards..
About the Author Rudy Hadisentosa: CCN.com is a free online credit cards review and application website. We offer credit cards selection from visa,master cards, discover, american express and many others. We have quite some categories and hundreds of credit cards selection to fit your need. Apply for a credit card at CCN.com.Delicious Business Cards
Delicious Business CardsCopyright 2004 Maria VowellYou can create unique recipe cards to help promote your ownbusiness, or even to start a part-time business from your ownhome.As we all know, the majority of business cards that are handedout either get forgotten or thrown in the trash very quickly.By making unique business recipe cards, you're not only providingsomething of value, but you're also advertising in a way wherepeople will see and remember your business.All you need to get started is a home computer printer, somerecipes and some blank index cards.When choosing your recipes, make sure that you have legal rightsto use them.Although recipe ingredients cannot be copyright protected, therecipe instructions are, therefore you can't just pick recipesout of magazines and books to use in this way.You will need to either use your own unique recipes, or you canuse recipes that have now fallen into the public domain where thecopyrights have expired.To help get you started, you can obtain...
Delicious Business Cards
Business cards > Delicious Business Cards
Amazing 4 Color Business Card For Less
The reason most of the business entities are afraid to use or maximized their business cards in an ordinary print and settle for the black and white cards is because
a for color postcards is one of the priciest endeavors for business cards. These 4 color business cards can be extremely pricey because of the inks they use in printing. Not to mention that color inks are much expensive rather than black ink. But no matter what design you have, you'll still end up paying a lot for 4 color business cards.Not anymore because there are many printing online you can search in the net that offers great prices. Let me give you the story of Joy McKay about her experienced with the 4 color business card published last Thursday, March 17th, 2005, and I quote "I once spent just as much on 4 color business cards as I would have at my local print shop for 2 color ones." Imagine how much you can save for your business using a 4 color business cards.
But the positive difference is you've...
Amazing 4 Color Business Card For Less
Business cards > Amazing 4 Color Business Card For Less
New business offers greeting cards for older adopted children
???????? Designed For You Adoption Cards is a new business that provides adoption announcements and adoption-related cards for older children and their adopted families.????It is a home-based business located in Columbus, Ohio.
???These greeting cards are designed by the owner, who is an adoptive mother.
She adopted her daughter when the child was 10-years-old.???? She knows how difficult it is to find appropriate cards for older adopted children, and understands adoption-related issues. ??? The designs are hand-drawn using colored pencil. The cards are printed from the original design on quality paper.
Cards can be purchased individually or in packages of ten.
Each of the announcements depicts
a boy or girl
with different colored hair and eyes, and different cultural groups.
Wording is available for a two-parent or single-parent family.
???There are also cards for special occasions, such as the finalization of the...
Business cards > New business offers greeting cards for older adopted children
Never Be Caught Cardless Again: Five Tips to Help You Remember Business Cards
Sorry, I Don't Seem to Have a Business Card With Me...Those could be the "famous last words" of the forgetful entrepreneur. If you habitually find yourself without a business card, you're habitually losing money; or at least the chance of making money. Your business card, more than any other marketing weapon in your arsenal, is what prospects and colleagues rely upon to remind them why they should do business with you. Forgetting a business card is a marketing mistake of significant proportions. We're so inundated with advertising messages that most of us learn to tune them out.
Yet every time you're asked for a business card, and sheepishly reply that you don't have one with you, you're missing an honest-to-goodness invitation to market to someone. Worse, leaving your business card behind when you may need it is a social faux pas as well. Being asked for a business card is a compliment. Not having one with you at that critical moment is subtly offensive. It puts both you and...
Never Be Caught Cardless Again: Five Tips to Help You Remember Business Cards
Business cards > Never Be Caught Cardless Again: Five Tips to Help You Remember Business Cards
What are Credit Cards? Business cards
SPV Motors USA Today Started a Nationwide Marketing Program to Sell Their SPV Brand ATV's to Retail Buyers
Fort Worth, TX (ContentDesk) May 2, 2006 -- SPV Motors USA has started a nationwide program to offer their ATV's to the retail public at some of the lowest prices to be found, the company along with parent company CLB Investments LLC said it will offer this low pricing program until May 15th to allow retail buyers the opportunity to buy the ATV's below retial in order to get the products into the US market.SPV Motors USA is a leading manufacturer partner of Haining SPV Vehicle Manufacturing Ldt,...
What are Credit Cards?
Business cards > SPV Motors USA Today Started a Nationwide Marketing Program to Sell Their SPV Brand ATV's to Retail Buyers
Dr. Federico C. Grosso is Presenting 3 Lectures for Mental Health Clinicians on the Standard of Care for Managing Crisis Issues. These Course are Based on an Actual Legal Cases Faced by Mental Health Clinicians in the Recent Past.
Federico C. Grosso, DDS, PhD, MFT, BCFE announces a pivotal presentation for mental health clinicians titled: The Standard of Care in Managing Mental Health Crisis Issues. This course addresses the application of legal and ethical mandates expected of reasonable and prudent mental health clinicians when facing unpredictable and potentially damaging crisis issues, such as the threat of suicide, child abuse accusations, elder abuse issues, anorexia/bulimia, and many others.Dr. Grosso bases this...
What are Credit Cards? Business cards
Business cards > Dr. Federico C. Grosso is Presenting 3 Lectures for Mental Health Clinicians on the Standard of Care for Managing Crisis Issues. These Course are Based on an Actual Legal Cases Faced by Mental Health Clinicians in the Recent Past.
60 Pence a Day Saves Lives
(ContentDesk) July 28, 2005 -- In developing countries poverty kills 1 in 3 children. World Vision, one of the world's leading relief and development agencies, is working hard to stop this. As a World Vision Child Sponsor, you'll receive a welcome pack containing a photos and description of the child you're sponsoring. During the year you'll receive two updates ? one from World Vision and another from the field, including a new photo of your sponsored child. As a result, you'll see how your child...
What are Credit Cards?
Business cards > 60 Pence a Day Saves Lives
How VoiP Will Affect Every Houshold and Business in the World
VoIP is an acronym for voice over internet protocol. It is the technical term for a computer softphone that enables users to make unlimited worldwide phone calls from their PC. AT&T Corporation, the industry behemoth that started the telephone business in the 1870s, describes internet telephones as a "?communications tidal wave." Seattle venture capitalist, Greg Gottesman, calls it "?one of the most important changes in communications in the past 100 years."The Boeing Company announced plans...
What are Credit Cards? voip Business cards How VoiP Will Affect Every Houshold and Business in the World
Business cards > How VoiP Will Affect Every Houshold and Business in the World