Credit Card

A credit card is small plastic card used as a mode of payment once issued by the credit card company to the users after checking user information. In debit card user has already money in his account and if user made payment with debit card , company charged the money from user account and takes required money. A credit card is different from a debit card in that it does not remove money from the user's account after every transaction. In credit cards, the issuer lends money to the consumer (or the user) to be paid to the merchant. User purchase any thing and gives payment through credit card and user paid those money to the credit card company in a certin time period. Credit card company charges some interest on the amount spent after certain time period. A user can spend money up to credit card limit , Credit card company fix the limit of the credit card

An example of the front of a typical credit card:

1. Issuing bank logo
2. EMV chip
3. Hologram
3. Card number
4. Card brand logo
5. Expiry Date Cardholder's name

6. Expiry Date

7. Cardholder's name

An example of the reverse side of a typical credit card:

1. Magnetic Stripe
2. Signature Strip
3. Card Security Code