What Credit and What is the Benfit Of Credit

The ability of customer to obtains goods or services before payments, based on the trust that payment will made in the future that is called credit.

There are some types of credits:-
1) Secured Credit are guaranteed by collateral, which is an item of equal or greater value than the amount of the loan such as, car,home, or cash deposit.

2) Unsecured Credit is do not require collateral and are made based on your credit score and ability to repay.

Here are some example of Credit Cards:-

1. Balance transfer Credit card
2. Rewards Credit Card
3. Students Credit Card
4. Charge Credit Card
5. Secured Credit Card
6. Prepaid Card
7. Business Credit Card