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What is a Credit Card?

Definition: A credit card allows its owner to withdraw money through the financial firm that has issed the card.

A credit card is a wallet-size plastic card containing electronic data that can be interpreted by a reading device for credit cards. The data include details about the owner of the credit card, the account number etc.

An owner of a credit card can use to the card as payment for goods or services without having to pay in cash or issue a check.

Credit card conditions

A credit card owner can borrow money from the issuer of the credit card and will not have to pay interest if the borrowed amount is repaid within 30 days.

However, nearly all credit card issuers apply interests if the credit card owner takes longer than 30 days to pay back the money.

Issuers of credit cards include banks, stores, service providers and other finanical institutions.

Credit card secured with lock

Payment by credit card payment in e-conomic

If you want to make online payments in e-conomic, you can do so using our secure site for credit card payments.

Payment by credit card in e-conomic is 100% safe. The connection is secured via a 128-bit encryption and is certified by the Payment Card Industry, meaning all rules and specifications pertaining to payments online are followed.

You can find out more about secure online payment in e-conomic, or make an online payment using your credit card now.

 

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