A credit card is a payment card that allows you to borrow funds up to a certain limit to make purchases, pay bills, or withdraw cash. You repay the borrowed amount later, usually with interest if not paid in full by the due date.

A debit card uses money directly from your bank account. A credit card allows you to borrow money up to a credit limit, which you repay later.

• Builds your credit score
• Offers rewards like cashback, miles, or points
• Provides fraud protection
• Useful in emergencies
• Can offer interest-free periods if paid in full

You can apply online or at your bank branch. Typically, you'll need valid ID, proof of income, and a good credit history.

It's the maximum amount you can borrow on your credit card. It’s set by your bank based on factors like your income and credit history.

Interest is charged if you don’t pay your full bill by the due date. The rate and how it’s calculated vary by card.