Advertisements
Advertisements
Question
What is a credit card?
Answer in Brief
Advertisements
Solution
- Anyone with a solid reputation can get a credit card from a bank. Getting a credit card does not require having money in your bank account. Rather, it is an overdraft facility.
- The credit card includes the customer's name, photo, signature, issuing bank name, and validity date.
- Cardholders can use credit cards to purchase products and services. He continues to deposit the money as agreed with the bank.
shaalaa.com
Electronic Banking (E-Banking) - ATM, Credit and Debit Cards
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
'Rita' was using a plastic card to withdraw money from a machine set up outside the bank.
- Identify the card.
- Write any four precautions that must be taken while using such a card.
A customer can withdraw or deposit money with the help of this machine by inserting his/her card and typing his/her personal identity number.
In case of ______ cardholder makes payment before using the card.
What are the cautions to be used while using debit or credit cards?
Which of the following is not precautions to be used while using debit or credit cards?
What is an ATM?
State any two precautions while using an 'ATM'.
What is a debit card?
Distinguish between a Debit card and a Credit card.
What is a Bank Draft?
