Student
Credit Cards
A credit card
system is a type of retail transaction settlement and
credit system, named after the small plastic card issued
to users of the system. 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 the case of
credit cards, the issuer lends money to the consumer (or
the user). It is also different from a charge card (though
this name is sometimes used by the public to describe
credit cards), which requires the balance to be paid in
full each month. In contrast, a credit card allows the
consumer to 'revolve' their balance, at the cost of having
interest charged. Most credit cards are the same shape and
size, as specified by the ISO 7810 standard.