Question

What is Credit?

What is a credit card?​

Answer 1

Credit is the ability to borrow money or access goods/services with the understanding that you'll pay later. So basically, credit is borrowing.

A credit card is a card which allows people to buy items without cash. Each card has a unique number. Using this number, the client can buy goods/services. The issuer of the card, then transfers the money to the seller.

Answer 2

Credit is borrowing money in an agreement to pay the money that you borrowed back

A credit card allows you to use credit. You have to be careful thought with using a credit card because if you don't make the payments on time you will get late fees and have to pay more than what you used.