Credit card A credit card is a payment card issued

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Credit card A credit card is a payment card issued to users as a system of payment. It allows the cardholders to pay for goods and services based on the holder's promise to pay for them. The issuer of the card creates a revolving account and grants a line of credit to the consumer(the user) from which the user can borrow money for payment to the merchant or a cash advance to the user.A credit card is different from a charge card; a charge card requires the balance to be paid in full each month. In contrast, credit card s allow the consumers a continuing balance of debt, subject to interest being charget. A credit card also differs from a cash card, which can be used like currency by the owner of the card. A credit card typically involves a third-party entity that pays the seller and is reimbursed by the buyer, whereas a charge card simply defers payment by the buyer until a later date.

The size of most credit is 3 3/8× 2 1/8in (85.60×53.98 mm), conforming to the ISO/IEC 7810 ID-1 standard. Credit cards have so embossed bank card number complying with the ISO/IEC 7812 numbering standard. Both of these standards are maintained and further developed by ISO/IEC JTC I/SC 17/WG 1


Answer the question below about the text.
1. What is the topic of the first paragraph?
2. How do the credit card differ from the cash card?
3. Is using the credit card useful ? How do you know?
4......... Be used like currency......(par. 2). What is the synonim of "currency"?​

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Last Update: Sun, 22 May 22