Credit Card FAQs

By BankBazaar | April 22, 2017

Credit Card FAQs

Credit Cards can be a blessing for those days when you find yourself strapped for cash. With digital payments and cashless becoming increasingly popular, a Credit Card is now more a necessity than a convenience.

If you are new to the world of Credit Cards, we’ve got your back with a few frequently asked questions for the novice user. Haven’t got your Credit Card, huh?

Additional Reading: 5 Things To Know For First-Time Credit Card Users

What Are The Types Of Credit Cards?
There are plain old vanilla Credit Cards that have basic, no-frills features. And then there are special, made-for-you Credit Cards that cater to the globetrotter in you, or the shopaholic, maybe?

Additional Reading: Shopping With A Credit Card Has Benefits

Co-Branded Credit Card? Huh?
That’s a Credit Card that has a merchant’s name and logo on it. These are promoted by the merchants and the card issuer together. Airline and Rewards Credit Cards are often co-branded.

Additional Reading: How Co-branded Credit Cards Compare With Regular Credit Cards

CVV? What’s That?
The CVV number is a 3-digit number printed on the reverse of your Credit Card, beside the signature panel. You’ll need this to verify online transactions.

Additional Reading: Credit Card Handbook: All Questions Answered

What Is An Add-On Credit Card?
It’s a supplementary card that is issued to your family members. An add-on Credit Card is linked to your primary Credit Card account. Be careful about giving add-on cards to your family. You’re responsible for any defaults in payments.

Additional Reading: Credit Card And Your College-Going Kid: Is It A Good Combination?

Wised up about Credit Cards now? Want one too? We’ll have you spoiled for choice with so many Cards to choose from.

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Category: Credit Cards
Dheeraj Kapoor

About Dheeraj Kapoor

BankBazaar is the world's first neutral online marketplace for instant customised rate quotes on Loans, Credit Cards, Insurance and Investment products. Shop for financial products just like you buy everything else now - online.

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