What is a credit card?

Ever wanted to buy goods but with out the hassle of using cash or taking your cheque book with you every where? Well you can do just that with a credit card. On using your card for your purchase the amount will be automatically recorded to your account. You then pay back this amount on the given, eg monthly. If you don't pay up you'll incur a charge, otherwise known as interest. You'll be given a 'credit limit' - this is determined by how much you earn.