Study suggests pawn loans compound the pain for many

Australia's pawnbroking industry is too lightly regulated, harming vulnerable consumers and leaving them in greater financial distress, according to new research by the University of Melbourne. The work is available in the ...

Why March Madness is a special time of year for state budgets

March Madness—the time when the best men's and women's college basketball teams challenge each other—is a made-for-television spectacle watched by millions. While March Madness has been around for decades, one of the ...

Scanner data can help New York state farmers boost market sales

Julie and Steve Rockcastle, founders of Green Heron Growers in New York's Cattaraugus County, are always trying to figure out what works and what doesn't when it comes to selling their grass-fed beef at farmers markets. So ...

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Credit card

A credit card is part of a system of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services. The issuer of the card grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.

A credit card is different from a charge card, where a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the shape and size specified by the ISO/IEC 7810 standard as ID-1.

This text uses material from Wikipedia, licensed under CC BY-SA