Credit
Card
Credit Card: A credit card gives you the
power to buy goods or services now and pay for them later.
It represents an approval by a bank or company to use their
money. Credit card issuers are usually banks, even though
the card may bear another company name or logo. The name of
the issuer appears somewhere on the card. Trade names such
as VISA and MasterCard are not actually card issuers. They
are termed "membership associations." Banks use them for
their payment processing services, policy setting and
marketing assistance. Many different banks can package their
own cards and different terms of credit using the logo and
services of an association membership.
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