What is a credit card?
The Bankrate.com financial term of the day is: "credit card."
If you have credit cards, or even if you don't, you probably take them for granted. But do you really know what a credit card is? What makes a credit card more than just any old piece of plastic is the magnetic stripe on the back. That stripe holds data to identify you and allow you to pay for goods and services using the card. You agree to pay back the card's issuer at a later date. The amount of credit you can get with the card and your interest rate for repaying the money are determined by your income and your credit report. The first bank credit card was issued by Franklin National Bank in New York in 1951.
A credit card is a complex piece of plastic that operates on a simple concept: You should be able to buy things today and pay for them tomorrow -- with interest.
To find a credit card that has what you're looking for, visit the credit cards section at Bankrate.com.
Your credit card data can be stolen in a matter of seconds. Here's what you should watch out for.
When you swipe your card, your info makes many stops before hitting your bank account.
Credit card rates were mixed this week.
Bankrate asked young adults ages 18-29 about their credit card usage.
When searching for a mortgage, you can control what you pay in closing costs. Find out how.
Research shows the way you pay bills can be directly related to your happiness.
Need to pay for a big expense? Learn how you can use your home equity to pay for it.
Do you know where your personal information goes once a hacker gets a hold of it?
Do you have enough in savings to pay for an unexpected emergency?
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.
Tesla is tapping its current owners to act as a sales force by offering them cash and other incentives, including a free Model X, when they refer friends who buy a car.
... Read more