Credit Cards
uangduit Asha Natha
(2023-04-28)
Credit cards are financial instruments issued by financial institutions, such as banks or credit card institutions, which allow cardholders to make purchases or payments by borrowing funds provided by the card issuer.
Credit cards allow users to make transactions without having to pay in cash at the time the transaction is made. Having a card is given a credit limit they can use, and they are given a certain amount of time to pay back the amount they owe. If payments are made on time, a credit card can be a useful tool in personal or business financial management. However, late or inability to pay back credit card balances can result in high interest and penalties, as well as have a negative impact on a person's financial condition.
