Credit cards work the same way as debit cards and the process is exactly the same. The only difference is that the customer’s credit card account is debited and not his saving account.
Advantage
The Customer gets some time to pay back the amount to the bank.
The customer’s gets interest-free credit for up to 50 days .For example, the amount of all transactions done between the 1st month and 30th of a month need to be paid only by the 20th of the next month.
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