Credit Cards Asheville NC

Credit cards are small plastic 'plates' that contain confidential information that pertains to the holder and the card issuer. They are used in Asheville to purchase goods from merchants even when one has no solid cash. The arrangement is for the merchant to produce a receipt that the card holder is supposed to sign after purchase to confirm that he has acquired goods or services worth that much.

Agbetunsin Olubayo O
(919) 680-4039
100 E Parrish St
Durham, NC
 
Alliance Credit Counseling
(704) 341-1010
13777 Ballantyne Corporate Pl
Charlotte, NC
 
Beaufort Credit Services Inc
(919) 881-2186
209 W Millbrook Rd
Raleigh, NC
 
Firstpoint Collection Resources Inc
(336) 378-6310
225 Commerce Pl
Greensboro, NC
 
Anderson William A Atty
(919) 490-0500
4011 University Dr
Durham, NC
 
Alex Charns Atty At Law
(919) 956-7564
123 Orange St
Durham, NC
 
Deuterman Law Group PA The
(336) 373-1130
317 S Greene St
Greensboro, NC
 
Triangle Family Services
(919) 821-0790
401 Hillsborough St
Raleigh, NC
 
Newleaf Credit Counseling
(919) 510-0500
3801 Lake Boone Trl
Raleigh, NC
 
Improve Credit LLC
(704) 877-8739
105 North Pine Street
Charlotte, NC
Prices and/or Promotions
20% off when you call and mention this ad

Credit Cards

Provided By:

These Is What Credit Cards Entail

Author: Peter Gitundu

Credit cards are small plastic 'plates' that contain confidential information that pertains to the holder and the card issuer. They are used to purchase goods from merchants even when one has no solid cash. The arrangement is for the merchant to produce a receipt that the card holder is supposed to sign after purchase to confirm that he has acquired goods or services worth that much.

The merchant claims this amount from the card issuer who then pays up on behalf of the card holder. The issuer then charges this amount on the holders account but at a higher rate which is the issuer’s interest. This is why the credit cards are considered to be an expensive mode of transacting business for the holder.

However, we cannot overlook the fact that they play a crucial role in helping the holder acquire goods and services before he can pay for them. The details that are on the card are almost standardized for all card issuers. At the front side, there is the logo of the issuing company, be it a bank or a union. There are also other features like the hologram, the card serial number, expiry date, brand logo as well as the holder’s name, either in full or in initials.

At the back of the credit card is a magnetic strip which stores the data about the transactions. It is what the reader machine at the merchant’s store senses and gets to record the transaction. There is also a strip on which the holder signs, and lastly the card’s security number.

Peter Gitundu Creates Interesting And Thought Provoking Content on Finance. For More Information On How To Manage Credit, Read More Of His Articles Here CREDIT MANAGEMENT If You Enjoyed This Article, Make Sure You SUBSCRIBE TO MY RSS FEED!

Article Source: http://www.articlesbase.com/credit-articles/these-is-what-credit-cards-entail-933645.html