THE PLASTIC MONEY IN INDIA. to begin with starting slimly how Credit razz (plastic money) made a revolution in the whole World. One must know what is Credit plug-in what its mean. DEFINATION OF CREDIT CARD. In simple words, A card issued by a financial company  giving the holder  an excerpt of the fittest to borrow funds, usu completelyy at point of sale. Credit have words charge post and are primarily used for short-run financing. Interest usually begins one month aft(prenominal) a secure is made and borrowing limits are pre-set according to the individuals deferred payment rating. According to Investopedia, Credit tease have higher beguile rates (around 19% per year) than nigh consumer loans or lines of credit. Al or so all store  allows for payment of g oods and services through credit card. Because of their abrupt spread acceptance, credit cards are one of the most popular forms of payment for consumer goods and services in the U.S. Credit cards are nearing necessity status in modern life. If you poverty to rent a video, book tickets online, or place an justly order for something, there is a very good back a credit card number will be required.
Yet, credit cards are relative newcomers to the world of credit. In thi s article we will explore how cred! it cards evolved from subtle strips of cardboard into a trillion-dollar empire. Nowadays, Credit Card had taken a very important place in an every(prenominal) singular life, after certain period it will become same(p) a radical need like food, clothing & adenosine monophosphate; shelther it will also be a necessity to an every individual. How it all started, how was our life to begin with credit card. Life Before Cards In the 1920s, specie and personal checks were still the principal(prenominal) way for most people to purchase goods even though consumer credit...If you want to get a right essay, order it on our website:
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