What is a credit card?

A credit card is a card that allows you to pay for your purchases later. It’s like a loan from the bank, and per month you can spend a certain amount, also known as the credit card limit. All purchases you make with your credit card will be charged to your invoice.

In addition, the credit card allows the payment of purchases in installments (sometimes with interest) and is a good option for those who want to buy an expensive item, but pay a little each month.

It is worth remembering that if you delay paying the invoice, you will pay interest on your purchases. And credit cards have high interest rates. In addition, the delay of invoices interferes with your credit score, which is a classification that the market gives to each customer, according to their financial behavior.

The biggest difference between the two reflects their permanence: credit cards can be reloaded and used indefinitely, while gift cards can generally only be used until the dollar amount on them is exhausted.