What is a Credit Card?

A credit card is a financial tool issued by a bank that allows a person to buy now and pay later.
The bank gives a credit limit, and the user can spend within that limit.

Key Points:

• Issued by banks or financial institutions
• Used for shopping, bill payments, online payments
• Payment is done later (full or minimum amount)
• Interest is charged if full payment is not made

Example:
You buy a product worth ₹10,000 today and pay the bank next month.