A Presentation On: Credit Cards
A Presentation On: Credit Cards
A Presentation On: Credit Cards
CREDIT CARDS
MEANING
A credit card is a financial instrument, which can
be used more than once to buy products and
services on credit.
EMV chip
Hologram
Credit card number
Card brand logo
Expiry Date
Cardholder's name
The REVERSE of
the credit card
consist of the
following:
Magnetic Strip
Signature Strip
Card Security Code
TYPES OF CREDIT CARDS
1.Standard credit cards
Balance Transfer Credit Cards
These cards are normally those that offer a
very low interest rate on balance transfer or
in many cases a 0% interest.
Low Interest Rate Cards
Low-interest-rate cards means carrying a
balance from one month to the next less
costly. The card has a low annual percentage
rate so,finance fees stay low, but these
cards have limited benefits and services
There are a number of offers that come with
2.Reward program credit
different credit cards available and these
cards
come shapes and sizes as with any
in all
product. Common offers are:
5. Chargebacks:
A chargeback is an event in which money in
a merchant account is held due to a dispute
relating to the transaction. Chargebacks are
typically initiated by the cardholder.
INTEREST CHARGES
Credit card issuers usually waive interest
charges if the balance is paid in full each
month, but typically will charge full interest on
the entire outstanding balance from the date of
each purchase if the total balance is not paid.
2. Interest on outstanding
balances:Interest charges vary widely
from card issuer to card issuer.
3.Fees charged to customers