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The magnetic strip holds the number on the front of the card hundreds of times. You slide it and then the computer uses a satellite or other network to complete the transaction.

You have an account of money that you have to pay back when billed for using the card when you dont have the money pocket handy.

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Q: How does a credit card work?
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Related questions

What will you do if you can not get a credit card?

You have to work on your credit until you can


How do a walmart credit card work?

Do you use a pi number to purchase with the credit card or cash


How does web credit card processing work?

Credit card processing works on webpages when buying something. The credit card makes the order, it is processed through the card company and seller's webpage.


What do you do if the security code on your credit card doesn't work?

Call your credit card company and they will help you reset the code.


How does credit card factoring work?

credit card factoring is a form of cash advance between small business and the credit card companies to provide cash flow for the small business as they wait for the card purchase to clear the credit card company.


Do you need a credit card to buy something from amazoncom?

Yes you need either a credit card or an amazon gift card, debit does not work.


Does my credit card work in Egypt.?

Credit works well in every country for as long as your merchant has a device and your credit card must have the MasterCard, visa, JCB and other credit card provider logo's in it.


How do credit cards work?

Answeryou buy stuff, pay for it with your credit card and then pay the bill at the end of each month. A credit card is a convenient instrument to meet your financial needs. The credit card serves as an arrangement between the card holder and the lending institution. When you buy something with your credit card, the bank agrees to pay the store in your behalf. The bill will be sent to you in the form a credit card statement. Knowing how credit cards work will help you maximize its benefits and uses.


Can I get a credit card without any credit history?

You can get a credit card starting out with a small limit. If that still doesn't work look at getting a pre paid credit card to build credit. Bill payments on utilities are a great way to build credit.


How does credit card transactions work?

Credit card transactions work because they are electronically connected to the bank server. Contact your local bank you are registered with for more information.


How do secure credit cards work?

you give them money before hand and then they let you have a card with their logo on it (visa, mastercard, etc) as a credit card and they report to the credit bureau for you to establish credit


what is a good credit card company?

A good credit provider is one who does not nickel and dime you for every transaction you make on the credit card. I would work on your credit first and then try to get a card with a low interest rate and no fee to activate it.