What is the purpose of a credit card?

Answer Credit cards provide consumers with a way to pay for goods and services. Credit cards serve many purposes, such as building credit, using for emergency situations, Internet purchases, and to earn r... Read More »

Top Q&A For: What is the purpose of a credit card

What kind of credit card can i get to build my credit if i have bad credit?

There are a few very good options to rebuild your credit. By obtaining credit that is attainable to those with poor credit and paying on time for an extended period of time, your credit will slowly... Read More »

Does a secured credit card look just like a regular credit card?

A secured credit card differs from a standard credit card in the fact that the borrower must make a deposit to the credit card company to protect the company from the likelihood of default. Merchan... Read More »

Is it standard practice to charge credit card fees when paying by credit card?

While some businesses charge a fee when customers pay by credit card, it is against their merchant agreement with the credit card company, such as Visa or MasterCard. If you encounter a company th... Read More »

What is the difference between a bank card, credit card and a debit card?

According to, a bank card is a bank-issued plastic card with a magnetic strip used for electronic commerce. It allows transactions to be done electronically without having to... Read More »