credit card

A **credit card** is a payment card issued by financial institutions that allows cardholders to borrow funds to pay for goods and services at merchants that accept cards for payment. It provides a convenient, secure, and widely accepted method of payment both online and in physical stores. Credit cards often come with features such as rewards programs, cashback offers, fraud protection, and the ability to build credit history when used responsibly. Understanding how credit cards work, including interest rates, fees, and payment terms, is essential for managing personal finances effectively.