- published: 03 Mar 2016
- views: 338297
A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services. The issuer of the card creates a revolving account and grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.
A credit card is different from a charge card: a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers a continuing balance of debt, subject to interest being charged. A credit card also differs from a cash card, which can be used like currency by the owner of the card.
The size of most credit cards is 85.60 × 53.98 mm (33/8 × 21/8 in), and conform to the ISO/IEC 7810 ID-1 standard. Credit cards have an embossed bank card number complying with the ISO/IEC 7812 numbering standard.
The concept of using a card for purchases was described in 1887 by Edward Bellamy in his utopian novel Looking Backward. Bellamy used the term credit card eleven times in this novel.
Early morning beeping sound
Gulp down breakfast and I'm gone
Though I'm workin' hard all day
Maybe I'm just greedy
Maybe I'm just dumb
Maybe I'm just asking
For things that can't be done
(CHORUS) I ain't got no credit cards
That's why, I'm eating out my heart
Later in the afternoonStrollin' down the road
Buicks cruisin'up and down
Movin' smooth and slow
Fancy cars, fancy bars
Fancy limosines
All these people dine in places
I've never been
Some jerks drive a Chevy
With a blonde who can dismount
I break down in traffic
When there's no garage around
(CHORUS)
There's no justice anymore
Lets' sing this song for the poor
Let's get this show on the road
'Cause that'll be our only hold
What ya say now!