Credit Card

What is Credit Card?

A credit card is a payment card issued by a bank that allows the holder to borrow funds to pay for goods and services. The cardholder agrees to pay back the borrowed amount, often with interest if the balance is not paid in full each month.

Credit cards are a primary driver of global commerce, offering consumers flexibility and rewards. For merchants, they represent a reliable way to accept payments, though they come with processing fees and the risk of chargebacks.

Why It Matters

• Increases consumer purchasing power by providing access to credit

• Offers robust fraud protection and dispute rights for cardholders

• Enables global commerce through widely accepted card networks

• Supports recurring billing and subscription models for businesses