CREDIT CARDS
A user is issued a credit
card after an account has been approved by the credit
provider (often a general bank, but sometimes a captive bank
created to issue a particular brand of credit card, such as
Wells Fargo or American Express Centurion Bank), with which
the user will be able to make purchases from merchants
accepting that credit card up to a pre-established credit
limit.
When a purchase is made, the credit card user agrees to pay
the card issuer. The cardholder indicates their consent to
pay, by signing a receipt with a record of the card details
and indicating the amount to be paid or by entering a PIN.
Also, many merchants now accept verbal authorizations via
telephone and electronic authorization using the Internet,
known as a customer not present (CNP) transaction.
Electronic verification systems allow merchants to verify
that the card is valid and the credit card customer has
sufficient credit to cover the purchase in a few seconds,
allowing the verification to happen at time of purchase. The
verification is performed using a credit card payment
terminal or Point of Sale (POS) system with a communications
link to the merchant's acquiring bank. Data from the card is
obtained using from a magnetic stripe or chip on the card;
the later system is commonly known as Chip and PIN, but is
more technically an EMV card.
Other variations of verification systems are used by
eCommerce merchants to determine if the user's account is
valid and able to accept the charge. These will typically
involve the cardholder providing additional information,
such as the security code printed on the back of the card,
or the address of the cardholder.
Online
Credit Card Offers
Compare online credit card offers from Visa, Mastercard,
American Express and Discover.Links to easy online
applications to apply
for the credit card of your choice.
www.creditcards.com
Citi Platinum Select Card
APR on balance transfers and purchases for 12 months. Apply
now.
www.citibank.com
Compare Credit Cards and Apply Online
Compare credit cards that offer APR, cash back, travel
rewards,gas rebates,
other rewards and more. Find the right credit card and apply
online.
www.e-wisdom.com
MBNA Cash Back®
Get cash. This card gives you cash back.No annual fee. Apply
now.
www.mbna.com
Online Credit Card Application
Discover Discover Clear Card: No annual fee, up to 5% cash
back,
and 0% intro APR on purchases and balance transfers for 12
months.
Good credit required. Quick and easy online application
www.discovercard.com