Credit Card

Credit cards are financial tools that allow you to borrow money from a bank or financial institution to make purchases. Unlike debit cards, which are linked to your bank account and draw directly from your funds, credit cards allow you to borrow up to a certain limit set by the issuer. You’re expected to pay back the borrowed amount, usually with interest, by the due date to avoid additional charges. They also offer benefits like rewards programs, cashback, and purchase protection.