ALL About Credit Card, Types, and Characteristics

ALL About Credit Card, Types, and Characteristics

Credit cards are the means of payment of cash that can be used by consumers to be exchanged for goods and services they want in the places that can accept payment by credit card (merchant). Credit cards can also be interpreted as one of banking facilities that facilitate customer transactions. You stay swipe a credit card and we just pay when the bill arrived. Both bills physical sheet being sent to your home or e-statement that is sent via email.

Compared with other types of consumer loans offered by banks, credit card is a type of loan that is approved as long as you qualify accepted credit cards are a photocopy of ID card, paycheck or income, and photographs and other certificates deemed necessary. Before you apply for a credit card, you must first understand what a credit card definition, types and characteristics.

Even at the current development, if the prospective cardholders who apply for credit cards have had a credit card before, the prospective cardholders are concerned only need to submit a photocopy of the credit card bill.

In addition to the ease of applying, excessive credit card usage scope is very broad, from small to large transactions transactions. This is very useful for the community, especially for those who are mobile is in dire need of this transaction tool.

People usually use a credit card for payment transactions conducted via the Internet, online stores, or stores that provide the bow. On transactions conducted via the Internet, the card holder has an obligation to pay for goods bought and have the right to receive goods that have been bought from merchants, and vice versa merchant has the obligation to deliver the goods in good condition and specifications in accordance with what is ordered by card and the holder is entitled to receive payment. Development of the use of credit cards so rapidly is because people feel more and more the importance of the use of credit cards as a payment instrument and taking cash considering the practicality, comfort and security posed. The activity was also not released from taxation as an obligation of society to impose a tax on every transaction or facility or fees to be paid for the use of facilities an item.

By Region Applicability

Judging from the region coming into effect, these plastic cards can be distinguished between a plastic card with applicable domestic (local) and the International.

1. National Credit Card

Nasioanl Credit cards are plastic cards that are valid and can be used in a certain region, such as Indonesia. With the rapid use of plastic cards is causing some retailers and service companies own plastic card issuers (generally charge card) in order to provide more convenient and practical for customers, for example Hero, Astra Card, Golden Truly, Garuda Executive Card

International Credit Cards

International Credit Card is a card that can be used and serves as the International payment instruments. International credit card market today is dominated by two brands of cards that has a network between continents, namely Visa and Master Card. Both the card brands have each had more than 100 million cardholders are scattered in cities around the world and can be used to make transactions in almost every city. The second holder of the card, more than half is held by US residents. The rest of Japan, Britain, Canada, and most small-state negaralainnya. International credit cards that can be used to make transactions in various places in the world are as follows:

a) Visa

Visa International is a credit card owned by the card company Visa International. Implementation of operations under license from Visa International with franchise system.

b) Master Card

This credit card is owned by Master Card International and operates on the terms of a license from MasterCard International.

c) Dinners Club

Diners Club is owned by Citicorp. The way the operations are conducted by setting up a subsidiary or by way of a franchise.

d) Carte Blanc

This card is also owned by Citicorp and operate exactly the same as the Diners Club is to form a subsidiary or franchise.

e) American Express

This credit card owned by American Express Travel Related ServicesIncorporated and operates by establishing the subsidiary. American Express is principally the charge card but can provide credit line facility to the card holder.

Characteristics of Credit Card

From a wide range of credit cards issued by credit card manager in Indonesia, there are common traits were similar between one another, namely:

a. looks Advance

     Card number

     Validity period

     Name card holder

     The logo and the name of the issuing bank

     The identification number of the issuing bank.

     Hologram (three-dimensional images) in particular for: Master Card, Visa, Astra Card, Bank Card.

b. Back view

     Signature Panel (Panel signature)

     Magnetic Stripe

     Debosing number (number printed sink) is the same as printed on the front.