What is credit card?-information and tips to secure it

What is credit card?

A credit card is a payment card it is usually issued by banks which allows its users to purchase goods or services or withdraw cash on credit .

Credit cards are one of the most widely used form of payment across the world Or in simple words a credit card is a type of service, provided by Banks in which the card holder get the money to buy any things or to make payments on credit at the provided( credit limit).The first general-purpose credit card was created by Diners club in 1950 in the United States. It was first conceived by Frank My Namara a businessman who had forgotten his wallet while out to dinner in New York. He and his business partner Ralph Schneider , soon invented the Diners club card as a way to pay without carrying cash . Initially it was accepted in New York City. Credit card is also known as plastic money.

Tips to secure your credit card.

• #1 Keep your card with you always.
• #2 Do not share your pin with anyone.
• #3 check alerts and your monthly credit card statement carefully.
• #4 Avoid making payments on suspicious websites or apps.
• #5 Do not click on suspicious links it can be harmful.
• #6 Update your bank immediately if your card is stolen or lost.

Conclusion

Friends Now you know that what is credit card and how to secure it and if you want your card secure then follow the given tips.

FAQs

What is the use of credit card?

The primary purpose of a credit card is to allow the users to make purchase without having to pay the full amount up front and to buy products and services on low-cost EMIs.

why should you use credit card?

Because it helps you in that situation when you have to buy a product or to pay anyone immediately but you don't have cash or money at that moment my moment.

credit card is safe or not.

yes, it is safe Banks offer fraud protection to customers, which means, if someone steals your credit card information and makes unauthorized purchases,you won't be held liable for the charges.

How do I stop someone from using my credit card?

If your card is stolen or lost then first thing you should do is to call your credit card company's Fraud department and report the fraud. This will stop the scammer from using your card information for further fraud.