A credit card is a payment card issued to users

A credit card is a credit card associated with the revolving loan, a loan that the cardholder can repay gradually while continuing to draw.

Sometimes referred to as credit and charge carders related, in which the loan must be repaid within a certain time round, and sometimes as a «credit» inaccurately indicate not all bank credit cards, regardless of their system. Credit cards now issued primarily financial institutions, primarily banks. There are more versatile systems to ensure broad applicability of credit cards, of which the most important are Visa, MasterCard, American Express and Diners Club. These companies ensure the functioning of cards around the world, so the card issued by any bank and bearing the one of the organizations can be used in any store on the globe marked with the same logo as a credit card.

From the perspective of the holder of the credit card payment easier, allowing you to dispense cash and eliminates foreign currency exchange, which is extremely advantageous for payments abroad. They may be linked to other fulls services and benefits. For the opportunity to use the holder usually pays fees, and if you repay the loan in interest-free period, as well as interest. The business model of modern credit cards is based on interbank cooperation, organized by the card association uniting banks and other financial institutions issuing and accepting cards of one type. Banks issue credit cards and allow traders after a contractual relationship receive these cards. The system is financed by fees and interest cardholder fees or deductions from payments cards from merchants and fees paid by the card issuing bank systems.

Credit cards valid.shop originated in the US and its predecessors have been the outermost credit stamps which facilitated the identification of clients in business already in the 70s of the 19th century. 1950 was the first universal credit card, Diners Club, and in subsequent years has spread throughout the US and then abroad. The first universal credit card in today’s concept launched September 18, 1958 Bank of America under the brand BankAmericard in Fresno, California. Competing card issuers in the following decades led to the concentration of the market and today in America and Europe implemented in only a few types of payment cards. In Czechoslovakia, although the first payment card took place in 1968, credit card, however, Czech wallets pervasive appeared at the beginning of the 21st century. Their pioneers in the Czech Republic, the company Home Credit and the Czech Savings Bank.

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