hitelkártyájának

Hitelkártyájának, which translates to "your credit card" in Hungarian, refers to a plastic payment card that allows its holder to borrow funds from a financial institution to make purchases. These cards are typically issued by banks and credit unions. When a credit card is used, the issuing bank pays the merchant, and the cardholder then owes the bank the amount of the purchase. Cardholders are then expected to repay this amount, usually on a monthly basis.

Credit cards come with a credit limit, which is the maximum amount that can be borrowed. Interest is charged on any balance that is not paid in full by the due date. The interest rate, known as the Annual Percentage Rate (APR), can vary significantly between different cards. Credit cards offer various benefits, such as rewards programs (e.g., cashback, travel miles), purchase protection, and extended warranties. However, responsible use is crucial to avoid accumulating debt and incurring high interest charges. Late payments or exceeding the credit limit can negatively impact a person's credit score, which affects their ability to obtain future loans or credit.