glossario

A card that allows the cardholder to purchase (through a POS) goods and services from any commercial establishment that is a member of the payment circuit on which the card is accepted or to make cash withdrawals (using an ATM), with the sum being repaid at a later date. There is generally a spending limit on transactions that is indicated in the contract. Depending on the contract and the type of credit card, the cardholder can repay the entire amount at once – usually every month – by having it debited from a current account ('traditional credit card' or 'charge card'), or in instalments with interest added ('revolving credit card').