Credit card
From Wikipedia, the free encyclopedia
|
Personal Finance |
---|
Credit and debt |
Employment contract |
Retirement |
Personal budget |
See also |
Banking in the United States |
---|
Monetary policy |
Federal Reserve System |
Regulation |
Lending |
|
Deposit accounts |
Deposit account insurance |
Electronic funds transfer (EFT) |
Check clearing system |
Types of bank charter |
A credit card is different from a charge card: a charge card requires the balance to be paid in full each month.[2] In contrast, credit cards allow the consumers a continuing balance of debt, subject to interest being charged. A credit card also differs from a cash card, which can be used like currency by the owner of the card. A credit card differs from a charge card also in that a credit card typically involves a third-party entity that pays the seller and is reimbursed by the buyer, whereas a charge card simply defers payment by the buyer until a later date.
The size of most credit cards is 3 ⅜ × 2 ⅛ in (85.60 × 53.98 mm),[3] conforming to the ISO/IEC 7810 ID-1 standard. Credit cards have an embossed bank card number complying with the ISO/IEC 7812 numbering standard. Both of these standards are maintained and further developed by ISO/IEC JTC 1/SC 17/WG 1
0 comments:
Post a Comment