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.

Durham Upc
(919) 220-5177
2000 Avondale DR
Durham, NC
 
World Wide Collections Inc
(919) 620-9990
3215 Guess Rd
Durham, NC
 
Alex Charns Atty At Law
(919) 956-7564
123 Orange St
Durham, NC
 
Impact Credit LLC
(800) 914-7538
1100 Logger Ct Suite B102
Raleigh, NC
 
Clearpoint Financial Solutions
(336) 294-1332
338 N Elm St
Greensboro, NC
 
Consumer Credit
(919) 854-4882
5301 Wayne St
Raleigh, NC
 
Orcutt John T Law Offices
(919) 847-2442
616 E Six Forks Rd
Raleigh, NC
 
Financial Crisis Prevention
(704) 919-3434
1914 J.N. Pease Place
Charlotte, NC
 
ClearPoint Financial Solutions
(919) 875-0900
4030 Wake Forest Rd
Raleigh, NC
 
Child Support Enforcement
(919) 560-8900
220 E Main St
Durham, NC
 

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