CREDIT CARD

First Credit is issued in california since 1955. Credit card is made of different types of plastic layers of lamination.A Credit card is a way of payment named after the small plastic card which are issued to users for their payment. A credit card is different than a debit card and charge card. Debitcard and Creditcard works are differently from each other. After every transaction it does not decrease money from users account. User issued a credit after his apllication has been made to the issuer. Credit card allow user to buy products with out money.

TYPES OF CREDIT CARDS
There are so many types of creditcard:

1. Charge Cards
2. Credit Cards
3. ATM Cards
4. Debit Cards
5. Smart Cards
6. Co-branded Credit Cards
7. Secured Cards
8. Affinity Credit cards
9. Premium Cards etc.

WHAT IS CREDIT CARD.
Name: Full Name of the Customer.He / She is Responsible for paying the credit bill.
Account No: Account no is a bank number.
Issuer: Issuers are Banks and Financial Companies. Issuer is the name of the Company.
Customer Service No: Customer service no is made for customers, any type of helps about credit card.
Types of cards: Master card , Discover, Visa Card, Advance Card, Citi Card, Chase Card etc.
Magnetic Strip. It is use to stones the inforrmation about account number, credit limit, Name etc.

HOW CREDIT CARD WORK:
Purchase. When user purchase something with a credit card, the seller see the amount is approved.
Card Provider: The Card Provider complete the cycle transaction by seding a bill to the account user for the buyer amount.
Bank and Seller: The Seller deposite the credit card receipt with their Bank, then Bank forward this transaction electronically to Master Card.

Balance Computation mehtods

• Previous Balance.
• Adjustment Balance.
• Average Daily Balace.


Money Express-Send money home using the Money Express Prepaid Card.The Money Express Card has been designed primarily to meet the needs of low and medium paid workers.