Credit Cards Hickory NC

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

DMD Financial Services
(336) 282-2678
2820 Lawndale DR
Greensboro, NC
 
Consumer Credit Counseling
(704) 563-4319
2467 Dunlavin Way
Charlotte, NC
 
Credit Counselors Charlotte
(704) 525-2157
202 E Woodlawn Rd
Charlotte, NC
 
Credit Counselors
(704) 525-2157
6047 Tyvola Glen Cir
Charlotte, NC
 
Newleaf Credit Counseling
(919) 510-0500
3801 Lake Boone Trl
Raleigh, NC
 
Anderson William A Atty
(919) 490-0500
4011 University Dr
Durham, NC
 
Durham Upc
(919) 220-5177
2000 Avondale DR
Durham, NC
 
Firstpoint Collection Resources Inc
(336) 378-6310
225 Commerce Pl
Greensboro, NC
 
TRW Credit Group - Greenville Credit Repair
(252) 864-8411
3011 S Memorial Dr
Greenville, NC
 
Classic Romance
(704) 971-2950
8301 University Exec Park Dr
Charlotte, 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