Credit Cards Homework Help
Learn about Credit Cards, the other form of ready money with help me in homework
Credit card is used as a substitute for money for purchasing all kind of goods and services. Generally, different financers mainly banks issue it along with lots of agreements to the public on basis of their financial status.
Card holders can borrow money as per their credit limit from their financiers through it whenever they required. But they have to repay that money with a specific interest within a certain period as per the agreement. It is with the association of our Credit Cards homework help team you can know more about it.
Technical know how
All credit cards are of same size embossed with long digital unique number and the financer’s or bank’s name. The first six digits of this numbers are for bank identification; the next nine digits denote card holder’s account number. Rest of that number refers the check code for validity.
Additionally, a security code too is embossed on this card. Except these, it carries the date of issue and expires. It has a magnetic strip or computer chip on it to make it more secure. All these systems are certified by ISO or equivalent certifying agency.
During banking transaction of plastic money by using this card, lots of personal and confidential information needs to be shared on the web. This information are fully encrypted which cannot be hacked by anyone else. For more information, you must get in touch with helpmeinhomework.com, and our Credit Cards assignment help expert panel.
The general types of Credit cards depend on their features. They are:
- For business purpose
Credit card for business is commonly issued only for registered business organisations. It has lots of features but can be used only for business purposes. Most of the card issuer’s offer this type of cards.
- Issued against security money.
Sometimes the issuers offer cards only for the deposit account holders of the organisation. In this case, the card holders have to deposit a certain amount of money in their account as security before using this card for crediting money. They are allowed to borrow the fifty percent or cent percent of that deposited amount.
Prepaid cards and digital cards are also referredto credit cards.
If you need to learn more about different types of credit cards and their features for doing yourhomework,then opting for our Credit Cards homework help service can be of great help.
Benefit of using it
Using credit card is no doubt most beneficial as:
- Convenient to use
- Most secured way of money transaction
- Expenses track can be kept quite easily
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