A credit card is a payment card linked to a revolving credit that you can pay off gradually and also draw on repeatedly. It can also serve as a reserve for a rainy day.
What is a credit card for?
What’s a credit card for, you ask? A credit card is a form of credit given to you by a bank, which you use as a loan and then pay back regularly. The card is linked to a credit account, so you can use it to pay in shops or on the internet just like a regular debit card, and you can also withdraw cash.

What are the benefits of a credit card?
The main advantages are that you can use the loan at any time and repeatedly up to the agreed limit, and you can also repay it at any time. If you do so before the end of the interest-free period, you pay no interest.
And what are the disadvantages of a credit card? In particular, the high interest rates if you don’t pay off the loan within the interest-free period and the fact that banks charge extremely high fees if you want to withdraw money from an ATM. In addition, to qualify for a credit card, you need a clean credit record and the need for regular income.