Credit Cards

Credit cards offer a convenient way for consumers to make purchases. They provide small, short-term loans for products and services, and they are available when the cardholder wants them. Many credit cards offer rewards programs and benefits such as free loss/damage coverage on new purchases and insurance protection. In return for these conveniences, the credit issuer charges high rates of interest on unpaid credit card balances when they are not paid in full. There are many considerations consumers should make when choosing credit cards to meet their needs since cards differ greatly.