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credit card work |
How Does a Credit Card Work? A Comprehensive Guide
Introduction
Credit cards have become an integral part of our modern financial landscape. They offer convenience, flexibility, and purchasing power, allowing us to make transactions without carrying cash. However, understanding how credit cards work is essential to make informed financial decisions and avoid debt traps. In this comprehensive guide, we will explore the inner workings of credit cards, including their functionality, benefits, potential risks, and key factors to consider.