Credit Cards Concord NC

Credit cards are small plastic 'plates' that contain confidential information that pertains to the holder and the card issuer. They are used in Concord 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
 
Financial Crisis Prevention
(704) 919-3434
1914 J.N. Pease Place
Charlotte, NC
 
Credit Counselors Of North Carolina
(704) 567-8992
7506 E Independence Blvd
Charlotte, NC
 
Credico LLC
(704) 527-5257
4801 E Independence Blvd
Charlotte, NC
 
Consumer Credit Counseling
(704) 563-4319
2467 Dunlavin Way
Charlotte, NC
 
Financial Crisis Prevention Group
(704) 806-0655
300 McCullough Drive
Charlotte, NC
 
Financial Crisis Prevention Group
(704) 806-0655
300 McCullough Drive
Charlotte, NC
 
First Investment Financial
(704) 535-1966
5500 Executive Center Dr
Charlotte, NC
 
B Vital Credit
(704) 537-6659
3125 Eastway Dr
Charlotte, NC
 
Certified Credit Consultants
(919) 751-1988
4046 US 70 East
Goldsboro, NC
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Credit Cards

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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.

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