A credit card is a plastic card that allows consumers to borrow money from a lender in exchange for an agreed-upon interest rate and periodic payments. Once the cardholder has used their credit card to purchase something or borrowed money from the card, the card issuer will report this activity to the credit bureau. This helps lenders determine how likely a person is to default on their debt and increase the lending limit accordingly. How to use a credit card for beginners? Credit cards are a great way to finance…
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