Credit Cards

money · shopping · banking

What it does. A credit card is a small plastic card issued by a bank that lets you purchase items or get cash without paying right away. You promise to pay back the money later.

You owe money. When you use a credit card, you're borrowing money from the bank. The bank sends you a bill each month showing everything you bought, and you have to repay what you spent.

Super popular worldwide. Credit cards are one of the most common ways people pay for things around the world. Millions of people use them every single day at stores, restaurants, and online.

Pay it back later. The big advantage of a credit card is that you don't need cash in your pocket right now. You can buy something today and pay for it next month when you get your allowance or paycheck.