By: Honeylee Alma D. Cruz & Sheila E.

Barnigo

Credit card
A credit card is more then a simple piece of plastic, it is first and foremost a flexible payment tool accepted at 30 million locations worldwide.

Parts of a credit card..

Front view
Account number Six-digit Issuer Identifier Hologram Issuing bank logo

Check Digit Card brand logo Cardholder name Expiration Date

Back View
Magnetic Strip Signature Strip Card Verification Value Code Repeated and Colored name

Embossed characters

First used credit card

Different Types of credit cards

Standard Credit card Premium Credit card Charge Credit card Business Credit card Limited purpose Credit card Secured Credit card Prepaid credit card

Advantages and Disadvantages of credit card..

Advantages
convenient to carry Help you establish a good credit history. Provide a convenient payment method for purchases Give you incentives, such as reward points Emergencies

Disadvantages
Other people will get track all of your transactions. Allow you to build up more debt than you can handle Lost or stolen cards may result in some unwanted expense and inconvenience. You will be charged interest if you do not repay your balance in full every month.

List of some Banks offering Credit Card in the Philippines

Metrobank Equitable PCI Bank RCBC BPI Standard Chartered Bank CitiBank HSBC

Did know you that

Guinness World Record Holder. Walter Cavanagh is the Guinness World Record holder for the person with the most number of credit cards with 1,397 credit cards in his name.