FRENZ HUB LIFESTYLE
A credit card is the purchasing power of an individual, stored in plastic, metal, or digital card. It offers a revolving line of credit for making purchases.
It involves a customer, his/ her issuing bank, Merchant, and the acquiring bank, along with a payment processor and payment network.
Secured credit cards work like debit cards, where your credit limit depends on your security deposit.
Cashback credit cards provide cash back on every qualifying purchase. The credit card issuer determines the amount of cashback and qualifying purchases.
Besides regular cashback, miles, or points, they’ll have additional perks on purchases at the co-branded merchants.
The accumulated miles or points can offset travel-related expenses through a statement credit.
TSA Precheck and global entry help you skip the busy airport lines and enter the terminal hassle free.
Most premium credit cards offer transferable reward points to hotels and airline loyalty programs.