A credit card is a plastic card issued by a financial institution that allows you to borrow money up to a certain limit to make purchases or pay bills, which must be repaid with interest and fees if not paid in full by the due date.

A debit card allows you to spend money that you already have in your bank account, while a credit card allows you to borrow money that you will have to repay with interest and fees.

There are many different types of credit cards, including rewards cards, travel cards, balance transfer cards, secured cards, and cashback cards

Credit card rewards programs allow you to earn points, miles, or cashback for purchases made using the card. These rewards can be redeemed for travel, merchandise, or other perks, depending on the type of card and program.

To avoid credit card fees, you should pay your balance in full and on time each month, avoid cash advances, and choose a card with no annual fees.

A credit score is a numerical value that represents your creditworthiness, based on factors such as your payment history, credit utilization, length of credit history, and types of credit used.

Credit cards can impact your credit score positively if you use them responsibly by paying your balance in full and on time each month. However, they can also have a negative impact if you carry a high balance or miss payments.

If you suspect fraudulent activity on your credit card, you should immediately contact your card issuer to report the issue and dispute any unauthorized charges.

A balance transfer allows you to move debt from one credit card to another, usually with a lower interest rate or promotional rate. This can help you save money on interest charges and pay off debt faster.

A credit limit is the maximum amount of money that you can borrow on your credit card. It is determined by the card issuer based on factors such as your credit score, income, and payment history.

To avoid credit card debt, make sure to only charge what you can afford to pay off each month, and avoid carrying a balance. Set a budget and track your expenses to avoid overspending.

Missing a credit card payment can result in late fees, increased interest rates, damage to your credit score, and potential legal action or debt collection efforts by the credit card company.

To dispute a credit card transaction, contact your card issuer and explain the issue. They may ask for additional documentation or evidence and will investigate the dispute before issuing a resolution.

To cancel a credit card, contact your card issuer and request to close the account. Pay off any outstanding balance before closing to avoid additional interest charges or fees.

If your credit card is lost or stolen, you should contact your card issuer immediately to report it. They will likely cancel your card and issue you a new one. You may also want to monitor your account for any unauthorized transactions.

Protect your credit card from fraud by keeping it secure, checking your statements regularly for unauthorized charges, and reporting any suspicious activity to your card issuer immediately. Consider signing up for alerts or monitoring services offered by your issuer.

To increase your credit card limit, you can contact your card issuer and request an increase. They may require you to provide some financial information to assess your creditworthiness. You can also try to improve your credit score, which may make you eligible for a higher credit limit.