Credit Cards: A credit card itself is merely a piece of plastic
containing identifying information about a credit account that
you (the owner of the card) have established with a bank or
other institution. Shared by: asifjamali Credit Cards What are
Credit Cards • A credit card itself is merely a piece of plastic
containing identifying information about a credit account that
you (the owner of the card) have established with a bank or
other institution. This credit account is a pre-approved line of
unsecured credit offered to you. This means that you have not
pledged to forfeit to the bank any collateral assets in the
event that you fail to pay what you owe. Banks have no specific
assets that they can seize in response to non-payment of credit-
card balances, so they are called unsecured loans. • • • • What
are Credit Cards • A credit card is a thin plastic card, usually
3-1/8 inches by 2-1/8 inches in size, that contains
identification information such as a signature or picture, and
authorizes the person named