What are Bank Credit Cards?
Bank credit cards are primary type of credit cards issued by the Bank. They include cards like Master Cards, Visa Cards, Optima And Discover. Different banks issue of specific bank credit cards depending on the program which fits their clients. Banks make money on these type of cards by [ 1 ] charging the vendor a small percentage for processing the credit card payment. [ 2 ] They charge an annual fee. [ 3 ] They also charge interest whenever the balance is not paid in full.
A bank credit card is a card issued by a bank. The card can access different funding resources, depending upon type. One common definition of bank credit card is the ATM check card, but there are various additional descriptions of bank credit cards. In the case of ATM check cards, people can use these very much like credit cards, making purchases at any location that accepts them. These cards are usually given to those who open checking and/or saving accounts. However instead of drawing on credit for funding, they draw on the person’s designated bank account.
