A Credit Card is issued by Banks, allowing the cardholders to purchase goods and services on credit with a condition to settle within a particular timeframe with free interest or with interest if the due date is exceeded, as well as any additional agreed-upon charges. Credit Cards also offers benefits such as rewards, cashbacks and even monthly plans at zero percent interests to purchase products or services. Furthermore, the Banks allow users to withdraw cash as cash advances. Banks shall decide the borrowing limits, based on an individual's eligibility and credit rating.
