Credit Cards Durham NC

Credit cards are small plastic 'plates' that contain confidential information that pertains to the holder and the card issuer. They are used in Durham 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.

Alex Charns Atty At Law
(919) 956-7564
123 Orange St
Durham, NC
 
Consumer Credit Counseling
(919) 688-3381
315 E Chapel Hill St
Durham, NC
 
Credit Financial Services
(919) 683-2412
100 W Morgan St
Durham, NC
 
Anderson William A Atty
(919) 490-0500
4011 University Dr
Durham, NC
 
Durham Upc
(919) 220-5177
2000 Avondale DR
Durham, NC
 
Child Support Enforcement
(919) 560-8900
220 E Main St
Durham, NC
 
Agbetunsin Olubayo O
(919) 680-4039
100 E Parrish St
Durham, NC
 
World Wide Collections Inc
(919) 620-9990
3215 Guess Rd
Durham, NC
 
Orcutt John T Law Offices
(919) 286-1695
1738 Hillandale RD
Durham, NC
 
Professional Recovery Consultants Inc
(919) 489-7791
2700 Meridian Pkwy
Durham, NC
 

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