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The typical features of credit cards include:

  • easy approval
  • card limit
  • emergency loans
  • reward points
  • secure pay etc

What is the purpose of Annual percentage rate?

  • The purpose of the Annual percentage rate is that it allows to charge interest on unpaid balances.

What is the purpose of Balance transfer?

  • The purpose of Balance transfer is that it allow to use one credit card to pay off money owed on a different credit card

What is the purpose of Secured card?

  • The purpose of Secured card is that its build a good credit rating.

What is the purpose of Cash advance?

  • The purpose of Cash advance is that its use a credit card to get money from a bank machine.

Read more about credit cards

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