What is a credit card? «

What is a credit card?

Credit cards are a form of borrowing in which the card issuer lends money to the cardholder to pay for purchases. Rather than the money being deducted straight from the cardholder’s account (as happens with debit cards), all transactions made with the credit card are added to a credit account, a balance statement for which is released by the card issuer on a regular basis (normally monthly). The cardholder then pays the bill, either clearing the balance (if they can afford to) or making the minimum payment (in which case the cardholder starts charging interest on the outstanding balance until it is paid off in full).


  • New ETFs From Scottrade - No Brokerage Fees

    There's no doubt that there are more exchange traded products now than ever.

    classy, black-and-white Corsair Graphite 600T case that says sci-fi, not hot rod. I want to get like eight of these things, ...
    Read More
  • 14 ETF Trading Strategies

    You may have heard of ETFs and some of you even have them in your portfolios, but not many investors are aware of the diverse ETF trading strategies these assets have to offer.

    Read More