What is a credit card and what are its requirements and terms of use?

What is a credit card and what are its requirements and terms of use?

Assalamualaikum how are you all I hope you are well. Nowadays, the prevalence of credit card is relatively high, due to which people are interested to know about it. If you want to know about credit cards then you have entered the right site this article is for you.  What is a credit card?  Credit card is a card used as a means of providing and receiving certain services from the bank. The bank issues this card with a certain amount of annual fee from those who wish to accept the service of this card. The carrier purchases the required goods and services without paying the cash price through the card in a specified manner. The bank gives the value of the service or product to the seller as a loan on behalf of the customer. Agreement is executed between them to this effect. That is, if the card carrier does not pay the amount within the specified period, the interest will be paid at the specified rate for the following days.  What are the credit card requirements?  Credit cards are of g…