Credit Card

A credit card is a plastic or metal payment card issued by financial institutions that allows cardholders to borrow funds to pay for goods and services at merchants that accept cards for payment. The cardholder is required to repay the borrowed amount, plus any applicable interest and fees, either in full or over time. Credit cards are typically linked to a credit account, and users are assigned a credit limit, which is the maximum amount they can charge to the card. They often come with various features, such as rewards programs, cash back, and promotional offers. Credit cards are widely used for convenience and the ability to make purchases without immediate cash, and can also help build a credit history when managed responsibly.