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How-to-Guide on How a Credit Card Works

How-to-Guide on How a Credit Card Works

Posted On: February 5, 2025 by CSE Federal Credit Union in: Credit Cards, Education

 

How-to-Guide on How a Credit Card Works

1. What Is a Credit Card?

A credit card is a plastic (or digital) card that lets you borrow money to make purchases. When you use a credit card, you're using the credit union’s money, not your own. The credit union has allowed you up to a certain dollar amount (or credit limit, see below) to borrow. This is different from a debit card, which takes money directly from your checking account.

2. How...

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Tags: Credit, Credit Card, Credit Cards, CSE, CSE FCU, CSE Federal Credit Union, howtoguide, interest

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