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Question
What is a credit card?
Answer in Brief
Solution
- Anyone with a solid reputation can get a credit card from a bank. Getting a credit card does not require having money in your bank account. Rather, it is an overdraft facility.
- The credit card includes the customer's name, photo, signature, issuing bank name, and validity date.
- Cardholders can use credit cards to purchase products and services. He continues to deposit the money as agreed with the bank.
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Electronic Banking (E-Banking) - ATM, Credit and Debit Cards
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