Back ክሬዲት ካርድ AM بطاقة ائتمان Arabic Tarxeta de creitu AST Kredit kartı AZ Кредит картаһы BA Карта растэрміноўкі BE Карта растэрміноўкі BE-X-OLD Кредитна карта Bulgarian ক্রেডিট কার্ড Bengali/Bangla Targeta de crèdit Catalan

Credit card

Part of a series on financial services
Banking
Types of banks
Lists of banks
Accounts · Cards
Accounts
Transaction (checking / current)
Cards
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Financial market (participants)
An example of the front in a typical credit card:
  1. Issuing bank logo
  2. EMV chip (only on "smart cards")
  3. Hologram
  4. Card number
  5. Card network logo
  6. Expiration date
  7. Card holder name
  8. Contactless chip
An example of the reverse side of a typical credit card:

A credit card is a payment card, usually issued by a bank, allowing its users to purchase goods or services or withdraw cash on credit. Using the card thus accrues debt that has to be repaid later.[1] Credit cards are one of the most widely used forms of payment across the world.[2]

A regular credit card is different from a charge card, which requires the balance to be repaid in full each month or at the end of each statement cycle.[3] In contrast, credit cards allow the consumers to build a continuing balance of debt, subject to interest being charged. A credit card differs from a charge card also in that a credit card typically involves a third-party entity that pays the seller and is reimbursed by the buyer, whereas a charge card simply defers payment by the buyer until a later date. A credit card also differs from a debit card, which can be used like currency by the owner of the card.

As of June 2018, there were 7.753 billion credit cards in the world.[4] In 2020, there were 1.09 billion credit cards in circulation in the U.S and 72.5% of adults (187.3 million) in the country had at least one credit card.[5][6][7][8]

  1. ^ O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in action (Textbook). Upper Saddle River, New Jersey: Pearson Prentice Hall. p. 261. ISBN 0-13-063085-3.
  2. ^ The World Bank. "Credit card ownership (% age 15+)". World Bank Gender Data Portal. Retrieved 21 October 2023.
  3. ^ Schneider, Gary (2010). Electronic Commerce. Cambridge: Course Technology. p. 497. ISBN 978-0-538-46924-1.
  4. ^ "Payment Cards in Circulation Worldwide" (PDF). Nilson Report. October 2018. Archived from the original (PDF) on 3 November 2022. Retrieved 24 October 2022.
  5. ^ "Charts & Graphs Archive". Nilson Report. Archived from the original on 12 May 2023. Retrieved 24 October 2022.
  6. ^ "Payment Cards in the U.S. Projected". Nilson Report. Archived from the original on 24 October 2022. Retrieved 24 October 2022.
  7. ^ Gabrielle, Natasha (19 April 2022). "Credit and Debit Card Market Share by Network and Issuer". fool.com. Retrieved 24 October 2022.
  8. ^ "The Nilson Report" (PDF). October 2019. Archived from the original (PDF) on 26 January 2021. Retrieved 13 October 2021.