Know Your Plastic: Credit Card Basics

Do you know what the mag stripe on the back of your credit card is for? Or how to find your card security code? Despite its small size, a credit card carries a lot of details and features on it, all of which are important for a cardholder to know—however, most individuals remain unaware of their significance. In addition to physical details, credit cards also offer their own cardholder agreement details, which vary from card to card; these details are crucial to understand when choosing and using a card. From identification numbers to bill payment to interest rates, all the credit card basics are covered here. Check it out in the infographic below.

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