Abstract

Banks have recently introduced the credit card system. Credit cards are issued to good customers, having current or savings accounts, for free of charges. The credit card enables a customer to purchase goods or services from certain retail or service establishments up to a certain limit with out making immediate payment. The establishments could be paid by the bank for operating the transaction. The bank assumes the risk and responsibility of collecting the dues from the customers. Hence, the present study identifies the credit card services of banks, brings out the main purposes of using credit card and provides a clear insight on the attitude of the credit card users.

Full Text
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