Credit Card Features
Presented By,

ASEEM R
aseem128@gmail.com
FEATURES
OF
MODERN
CREDIT CARD

2
Features of Modern Credit Card
Wide Coverage
•Bank credit is most widely used payment

device issued by bank
•It is based ...
Features of Modern Credit Card
• Technology dependent
The dependence on technology is inevitable to
keep the operating cos...
Features of Modern Credit Card
• Owner Identification
A credit card identifies its owner and the one who is
entitled to pu...
Features of Modern Credit Card
• Credit Limit
The issuer for the purpose of convenience and
security sets a credit limit f...
Features of Modern Credit Card
• It is convenient medium of exchange which
enables the cardholder to buy goods and
service...
Features of Modern Credit Card
• Credit card is a document of credit worthiness
and it minimizes the use of hand cash in t...
Features of Credit Card
Upcoming SlideShare
Loading in …5
×

Features of Credit Card

1,785 views

Published on

Features of Credit Card

Published in: Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,785
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
92
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Features of Credit Card

  1. 1. Credit Card Features Presented By, ASEEM R aseem128@gmail.com
  2. 2. FEATURES OF MODERN CREDIT CARD 2
  3. 3. Features of Modern Credit Card Wide Coverage •Bank credit is most widely used payment device issued by bank •It is based on system of revolving credit •The credit cardholder can use card at merchant establishments to buy goods and services. 3
  4. 4. Features of Modern Credit Card • Technology dependent The dependence on technology is inevitable to keep the operating cost to the minimum. 4
  5. 5. Features of Modern Credit Card • Owner Identification A credit card identifies its owner and the one who is entitled to purchase goods and services without the physical money and is eligible for credit from merchant establishments. 5
  6. 6. Features of Modern Credit Card • Credit Limit The issuer for the purpose of convenience and security sets a credit limit for a cardholder and a floor limit for a merchant establishment 6
  7. 7. Features of Modern Credit Card • It is convenient medium of exchange which enables the cardholder to buy goods and services without using money • Bank bears the risk of default on the part of the cardholder • Credit card helps the holder to buy when and pay he can, i.e., bank pays to the seller immediately but collects from the card holder from 30-45days 7
  8. 8. Features of Modern Credit Card • Credit card is a document of credit worthiness and it minimizes the use of hand cash in the day transaction • Credit card is issued to people having a certain minimal income. 8

×