|
 A
credit card is a system of payment named after the small
plastic card issued to users of the system.
A credit card is different from a debit card in that it does
not remove money from the user's account after every
transaction. In the case of credit cards, the
issuer lends money to the consumer (or the user). It is also
different from a charge card (though this name is sometimes
used by the public to describe credit cards), which requires
the balance to be paid in full each month. In contrast, a
credit card allows the consumer to 'revolve' their balance,
at the cost of having interest charged. Most
credit cards are the same shape and size, as specified by
the ISO 7810 standard. |