Credit Card

A credit card is a financial tool that allows users to purchase goods and services on credit with a preset spending limit. It offers the convenience of cashless transactions both online and offline. Banks and financial institutions issue credit cards based on income, employment, and credit history. Cardholders can repay the amount in full or through flexible monthly installments. Many credit cards provide reward points, cashback, discounts, and travel benefits on spending. They also come with features like balance transfer, EMI conversion, and contactless payments. Using a credit card responsibly helps in building a strong credit score. However, late payments or overspending can lead to high interest charges and penalties. Credit cards are widely accepted worldwide, making them useful for shopping, travel, and emergencies. Overall, a credit card combines convenience, flexibility, and financial security when used wisely.