Credit Card

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Credit Card


Credit card is a combination of two words. One credit and another is card. Credit means recognition and card means a rectangular piece of plastic measuring 3-1/8 inches by 2-1/8 inches, graphite, or a metallic alloy, that identifies a financial account.There are 16 digits embossed on the front (15 digits for an American Express card). We can say credit card is a recognized plastic tool or device which is provided by a financial organization to give credit to their customers. In which contain a magnetic strip on the back along with some contain an RFID chip. Account number and the owner’s name or business name is imprinted on the front.Credit cards all processing completed through online banking.


The front side of  a credit card:

1. Issuing Bank Logo

2. EMV chip (only on “smart cards”)
3.  Hologram
4.  Personal Account Number
5. Card Brand Logo
6.  Expiration Date
7. Card Holder Name
8.  Contactless Chip


The Back side of  a credit card:

1. Magnetic Stripe
2. Signature Strip
3. Card Security Code


History of Credit Card

A card used for purchasing first started in 1887 by Edward Bellamy in his utopian novel Looking Backward.

The modern  card was first used in the 1940s, in the United States, specifically to sell fuel. In 1938 several companies started to accept each other’s cards. Western Union had begun issuing charge cards to its frequent customers in 1921.

In 1934, American Airlines and the Air Transport Association simplified the process even more with the advent of the Air Travel Card.


Types of Credit Card

1.   0% balance transfer t cards
2.   0% purchase  cards
3.   Balance transfers and purchases
4.   Moneysupermarket’s exclusive credit card
5.   Low fee balance transfer  cards
6.   Credit cards for bad credit
7.   Credit Builder  cards
8.   Low rate cards
9.   Reward  cards
10.  Airline  cards
11.  Overseas spending  cards
12.  Cashback  cards
13.  Student cards
14.  Prepaid cards
15.  Secured cards