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What is Credit Card?

A credit card is a type of payment card that allows the holder to borrow money from the issuing financial institution to make purchases.

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What is Credit Card?

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  1. Credit Card

  2. What is Credit Card A credit card is a type of payment card that allows the holder to borrow money from the issuing financial institution to make purchases. The cardholder repays the loan, usually with interest, over time. It offers a convenient alternative to carrying cash and often comes with additional benefits such as rewards and discounts.

  3. Benefits 01. Offers 02. Personal loan on credi card 03. Cards Protection 04. Credit lLimits Increase You can easily get personal loan on your credit cards Card Protection will help you protect your cards from being misused You can easily request and increase the limits on your credit cards You can get multiple offers on your credit cards

  4. 05. 06. EMI Facility 07. Rewards Statements & Bills 08. Pay your mobile, electricity, gas and water bills by your credit cards With your credit cards you can use the EMI facility offered by the bank Your credit cards allow you to earn reward points every time you swipe the cards

  5. Eligibility Age: Most credit card issuers require applicants to be at least 18 years old or older. Residency: You must be a legal resident of the country where you are applying for a credit card. Income: A steady and sufficient income is a key eligibility factor for a credit card. Issuers typically want to see that you have a stable source of income. Credit Score: A good credit score is an important factor in determining credit card eligibility. Most issuers prefer applicants with a score of 700 or higher. Employment: Depending on the issuer, you may need to be employed, self-employed, or have a reliable source of income to be eligible for a credit card. Payment History: A history of on-time payments for loans, bills, and other debts is a positive factor in determining credit card eligibility. Bank Account: Some issuers may require applicants to have a checking or savings account to be eligible for a credit card.

  6. Thank you!

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