A credit card is a plastic card with a magnetic strip issued by a bank, retail stores, and other businesses with an agreement to pay with interest the outstanding balances in full or through regular payments.  The benefit of a credit card is the immediate credibility to avail services in hotel reservations, airline tickets, car rentals, and others. On the other hand it charges higher interest per month as compared to other personal loans.  Credit card is accepted in over 32 million commercial establishments worldwide. Cash advance of up to a predetermined amount or credit limit is allowed. It also comes with promo by earning points for every amount of purchase. Options sometimes can be converted to cash or credits for more shopping.  Cardholders are granted all the features and benefits inherent to the type of credit card issued. Most commonly used credit cards are the Visa, American Express, and Master card.