FRENZ HUB LIFESTYLE

How Do Credit Cards Work? 

What Is a Credit Card?

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.

How Do Credit Cards Work?

It involves a customer, his/ her issuing bank, Merchant, and the acquiring bank, along with a payment processor and payment network.

How Do Secured Credit Cards Work?

Secured credit cards work like debit cards, where your credit limit depends on your security deposit.

How Do Cashback Credit Cards Work?

Cashback credit cards provide cash back on every qualifying purchase. The credit card issuer determines the amount of cashback and qualifying purchases.

How Do Co-Branded Credit Cards Work?

Besides regular cashback, miles, or points, they’ll have additional perks on purchases at the co-branded merchants.

How Do Travel Credit Cards Work?  

The accumulated miles or points can offset travel-related expenses through a statement credit.

TSA Precheck/ Global Entry Credit

TSA Precheck and global entry help you skip the busy airport lines and enter the terminal hassle free.

Transferable Reward Points

Most premium credit cards offer transferable reward points to hotels and airline loyalty programs.