The credit card, easy and safe practice, is a payment instrument for everyday use multiple, consisting of a card with magnetic stripe and / or microchip (for the most modern), which identifies the owner by means of the data contained in itself. Under the name “credit cards” are a variety of products with very different characteristics, each with traits.

Credit cards are the most common:

• Debit Card: commonly known as ATM, is issued by a bank to a consumer who has a current account at its branches. Allows you to withdraw cash and to spend years at enabled (via the POS system). The charging is done directly on the current account holder with the currency of the day. Its use both for the removal of cash that provides for the payment type of your PIN (personal identification number).
• Credit card balance: similar to debit cards, but charge for all amounts spent during the month in one solution, usually by the middle of next month. The balance of the account is usually by direct debit the account of the customer. E ‘credit card and is more widespread than commonly request to his bank.
• Credit Card revolving: provides the same services to the card balance, but has the characteristic of “contain” an expectation, that is a loan. This paper offers the opportunity to spend the money regardless of the available funds on the account and repay its debt in installments. During the month the customer can choose the rate of reimbursement that prefers to pay, provided they exceed a minimum rate (typically around 5% of the outstanding debt).
• Charter or custodial Fidelity Card is issued by a supermarket or a department store or a chain of stores (in agreement with a financial institution) and is used only in a circuit of shops or establishments set. This also allows gathering data on customers, which then offer products and prices more and more targeted.

Once accepted by the request of the issuer, the new owner will be delivered at home (or will withdraw from the premises of) the card, separately will be sent to the secret personal code or PIN.

The cardholder is not bound by any minimum use during the period of validity thereof. However, if use is appropriate to recall that:

• The card must be authenticated on the back by putting his signature;
• The secret code (PIN) should be stored separately from the paper;
• The paper can not be used unless the holder (for the immediate withdrawal penalty) for the purchase of goods and services or to advance the cash, for amounts within the limit set by the contract;
• To make payments you must sign a receipt of payment provided by the (subscription compare it with the signature on the back of your credit card);
• To withdraw cash from automated teller machines (ATM) and ask for the reminder must type your password.

The cardholder must also know that there are clauses relating to its payment instrument and these are:

Validity of the paper read on the same card, from the day of delivery until the end embossed on the front of the card. The issuer may amend the terms of the validity of the card and request an annual membership fee for its renewal.

The holder may terminate the relationship; return the card at any time following a particular procedure. Must give notice in writing by registered mail, pay the account may be open and return the card after you cut due to the longitudinal direction to the bank or the issuer, who will be, however, the annual membership fee already paid by the customer. Any use of the card after the notification of withdrawal, set a fault.

By signing the bill and order of payment, the cardholder acknowledges as the exact amount shown and gives an irrevocable mandate to the issuer to pay on behalf of the business. The issuer reserves the right not to pay the accounts that do not seem regular or deny the use of paper if there were ongoing problems with the consumer who holds it.

If using the card, the issuer undertakes to send each month to the account holder and report details of transactions made, accrued interest, costs of bank statement, and stamp its accounting. Any delay in sending of the account holder does not allow the refusal or delay in payment of the balance. Any disputes regarding the agent must be notified in writing within 60 days, after which the issuing authority considers valid and approved the bill sent to his client.

The originating lender is not responsible for any dispute between the cardholder (for example, for defective goods or bad service). So in case of problems, the cardholder can not in any way to the issuer to refuse payment of the expenditure due to an inadequate or bad service received.

Payment usually takes place through permanent delegation to the automatic debit of your bank account.

The loss of the benefit of the term of the contract provides that the owner explicitly recognizes that in the event regularly fail to pay only one installment, the issuer may decide to terminate the contract and request the immediate payment of all outstanding debt.

The holder is required to keep the good paper and responds to all the consequences that might arise from the fraudulent cards by third parties. In case of theft or loss, the owner shall immediately notify the issuer by phone or fax. The issuer for purposes of security may at any time to block the card, even without prior notice to the holder.