QWhat Are Credit Cards?
ACredit cards are plastic cards with scannable magnetic strips issued by a bank or a business which allow the cardholder to purchase goods or services on credit. They are also sometimes called charge cards, though this term usually refers to cards issued by a retailer for use in that retailerÒs stores only. Common credit cards include Visa, MasterCard, American Express, Discover, and DinerÒs Club. In recent years, most banks have begun offering their customers Debit Cards, which bear a MasterCard or Visa logo and are processed like those cards but which withdraw funds directly from the cardholderÒs checking account rather than extending credit to the cardholder.