Credit Card Information

Credit Card Information plays a very important role in shopping for it. These credit card informations help a consumer to choose the right credit card matching his requirement profile. Fierce competition between the credit card issuing companies force them to offer incentives for their customers in order to allure them to buy their credit card. Hence there are ample chances for a person, novice in this credit card market, to fall prey into this incentive war. Credit card informations play a very important role in helping people to choose the right credit card from the credit jungle.

Credit card is a card which helps a person to purchase something without having to immediately pay for it . This process involves the following steps :-

• The credit card issuing company makes the payment on behalf of the customer.
• The customer in turn remains liable to pay the outstanding amount to the company within a definite period of time, known as Grace Period.
• In case of non-payment of the outstanding amount (full or partial) within the Grace Period, the credit card issuing company charges a monthly interest rate on the outstanding amount from the card-holder. (Rate of Interests may vary from scheme-to-scheme and from company-to-company).