What is charge card and its requirements and provisions?

What is charge card and its requirements and provisions?

If you are interested to know about charge card, and what is charge and what are its requirements and what is the command to use then this article is for you then let's know about charge card in detail.  What is a charge card?  A charge card is a card issued by a financial institution. Those who are interested in avoiding the hassle of paying cash in financial transactions accept this card by paying a certain amount of charges. The cardholder does not have any account with the institution. The card recipient has an agreement with the institution that if the recipient uses this card to purchase services or goods, the institution will pay the price on its own behalf; which shall be the liability of the bearer as a loan. The carrier will then repay the loan within the specified time frame. So by using this card the carrier takes loan from the institution. Which must be paid within the deadline. The original contract does not mention the payment of interest if the loan is not repaid …