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Credit cards are unstructured debt accounts linked to a plastic card that allows the holder to make purchases from retailers that accept the card. Common credit card networks in the U.S. include Visa, MasterCard, Discover, and American Express.

4 votes

Credit Card with rewards points

First, I would avoid credit cards if you would be tempted to spend more than you can afford, or if you're not that organized and might forget some payments. Most issuers charge very high interest rate …
Daniel Lubarov's user avatar
1 vote

Are all VISA cards connected with bank accounts?

Not necessarily. You can issue credit cards without a bank involved, although companies which do so may have additional legal complications, such as usury regulations. As an example, AmEx is a networ …
Daniel Lubarov's user avatar
3 votes

Why is there a delay on credit card transactions showing up on my online statement?

In the US, charging a credit card generally involves an authorization, which holds funds, followed by a capture which actually withdraws money from the account. This is helpful for merchants like rest …
Daniel Lubarov's user avatar
7 votes

Do Credit card companies only process your transactions or pay for them?

Typically there are several parties involved: the cardholder the card issuer, typically a bank the network, e.g. Visa the merchant's acquirer, typically a bank the merchant (Sometimes one company …
Daniel Lubarov's user avatar
3 votes

How can I take advantage of credit card cash back programs?

The networks distinguish between the "purchase" component of a transaction and the cash back component. Issuers won't count the cash back amount toward rewards. Merchants also don't pay regular interc …
Daniel Lubarov's user avatar