What is Credit Card? — Meaning, Definition & Example
Definition
A credit card is a financial tool issued by banks that allows you to borrow money for purchases up to a pre-set credit limit. You get an interest-free period of 20-50 days if you pay the full bill by due date. If not paid in full, interest rates are typically 24-42% p.a. Credit cards can earn reward points, cashback, and travel benefits.
Using a premium credit card for a ₹50,000 flight booking can earn you 5x reward points worth ₹2,500, plus complimentary lounge access.
🇮🇳 Credit Card in Hindi / हिंदी में
क्रेडिट कार्ड — क्रेडिट कार्ड बैंकों द्वारा जारी वित्तीय उपकरण है जो पूर्व-निर्धारित क्रेडिट सीमा तक खरीदारी के लिए उधार लेने की अनुमति देता है।
Credit Card (Hinglish) — Credit card bank dwara issued financial tool hai jisse aap pre-set limit tak khareedari kar sakte ho. Bill time pe pay karo toh 20-50 din ka interest-free period milta hai.