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.

Classic Romance
(704) 971-2950
8301 University Exec Park Dr
Charlotte, NC
 
Consumer Education Services Incorporated
(919) 781-2565
3824 Casey Leigh Ln
Raleigh, NC
 
Alliance Credit Counseling
(704) 341-1010
13777 Ballantyne Corporate Pl
Charlotte, NC
 
DMD Financial Services
(336) 282-2678
2820 Lawndale DR
Greensboro, NC
 
Clearpoint Financial Solutions
(704) 525-2157
6047 Tyvola Glen Cir
Charlotte, NC
 
Consumer Education Services, INc
(919) 785-0725
3801 Lake Boone Trail
Raleigh, NC
 
Credit Financial Services
(919) 683-2412
100 W Morgan St
Durham, NC
 
Newleaf Credit Counseling
(919) 510-0500
3801 Lake Boone Trl
Raleigh, NC
 
Certified Credit Consultants
(919) 751-1988
4046 US 70 East
Goldsboro, NC
Prices and/or Promotions
Pay Only For Results*

Bradford Collection Services
(336) 852-0999
2733 Horse Pen Creek RD
Greensboro, 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