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accounting

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Lecture notes of 2 pages for the course accounts at Bharathiar University (useful)

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CREDIT CARD:
Credit card is a card issued by a financial institution authorizing the holder to
buy goods or

services on credit. Credit cards usually charge high interests and are used for
short-term

financing. Interests usually start one month after a purchase is made and bank
sets credit limits

according to the client’s credit rating.

Advantages

they might

not otherwise be able to afford.


discounts, or other

benefits like frequent flyer miles.


accept credit

cards and they are pretty much required for online purchases.


make it easy to

track your spending and identify fraud.

imple
solution to an

emergency. If you get hit with an unexpected expense, credit cards can be the
quick and

easy solution you need.

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Uploaded on
July 31, 2022
Number of pages
2
Written in
2021/2022
Type
Class notes
Professor(s)
Shibu
Contains
All classes

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