Credit CardIt allows the cardholder to pay for goods and services based on the holder’s promise to pay for them.The issuer of the card creates a revolving account and grants a line of credit to the cardholder, from which the user can borrow money for payment to a merchant or as a cash advance.The size of most credit cards is 3 3?8 ? 2 1?8 in (85.60 ? 53.98 mm).It allows the consumers a continuing balance of debt, subject to interest being charged.
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Principles and Legal Banking Videos
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