The annual fee and APR are two of the most important factors to consider when selecting a credit card. The annual fee is the fee you will be charged for using the credit card each year. The APR is the interest rate you will be charged on any outstanding balances on the credit card.
What is credit card?
There are two types of credit cards: consumer credit cards and business credit cards. A credit card is a payment card issuance to users (cardholders) to enable the cardholder to pay a retailer for goods and services based just on cardholder's accrued debt. The card issuer (typically a bank or credit union) generates a revolving account as well as grants a line of credit to the cardholder, from which the cardholder can borrow money for payout to a merchant or as a cash A regular credit card is different from the a charge card, which necessitates the balance to be paid in full each month or at end of each statement cycle. The majority of cards are plastic, but some are made of metal (stainless, gold, palladium, titanium), and some are metal cards that are set with gemstones.
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