# topcreditcardrates.net ## Posts - [History of Credit Cards](https://topcreditcardrates.net/history-of-credit-cards/): Photo by Joanna Kosinska on Unsplash When Were Credit Cards Invented? To first answer this question, we need to understand what a credit card is. A credit card is a payment card issued by a financial institution such as a bank that is accepted instead of cash when making purchases. The card provides credit which has to be paid back at a later date. Although a modern invention, credit cards find their origins in Europe some six centuries ago. To better understand credit cards, it would be useful to understand the concepts and their modern beginnings. In 15th century Italy, […] - [Disclaimer](https://topcreditcardrates.net/disclaimer/): Photo by Scott Graham on Unsplash The website ‘TopCreditCardRates.net’ and the information contained within does not constitute investment, legal or tax advice. The website ‘TopCreditCardRates.net,’ strongly encourages readers to consult with a qualified, independent financial advisor, accountant, or tax professional before making any investment decisions or implementing any financial strategies. The information provided by the website, ‘TopCreditCardRates.net’ is provided on an “As Is” basis and its content is provided without warranties of any kind regarding accuracy, completeness, reliability, or adequacy. The website, ‘TopCreditCardRates.net’ hereby explicitly disclaims responsibility for any loss or damage incurred as a result of the use of […] - [Credit Cards Explained](https://topcreditcardrates.net/credit-cards-explained/): How does a Credit Card Work? A credit card gives the cardholder a line of revolving credit which allows them to visit restaurants, shops and other business premises including online retailers to make purchases without cash. It differs to a debit card as the funds are not taken directly from their bank account or savings. Depending on the type of credit card issued, the cardholder is provided with a revolving line of credit. The cardholder through use of the credit card, borrows money from the card issuer and agrees to repay the debt at an agreed time. There is usually […] - [Credit Card with no Credit Report](https://topcreditcardrates.net/credit-card-with-no-credit-report/): Credit Cards for People with no Credit History It can be upsetting as well as disappointing when being refused credit. Surprisingly, it may not be because you have a bad credit history. It may be that you have no credit history at all and therefore no credit score on which to base credit applications. People who don’t typically have a credit report score, are young people who have only recently become old enough to apply for a credit card. In the United Sates, the age is 18 but the ‘Credit Card Accountability Responsibility and Disclosure Act of 2009,’ place further […] - [Balance Transfer Credit Cards Explained](https://topcreditcardrates.net/balance-transfer-credit-cards-explained/): What is a Balance Transfer? This a fairly simple process whereby someone who has debt on an existing credit card can transfer the balance to a new credit card. The question is, why would someone do this? In order to attract new customers, the new credit card will offer a special low introductory offer. If you shop around, you can often find a 0% ‘Balance Transfer Card.’ For example if you owe $4000 dollars on credit card A and that credit card has an APR (Annual Percentage Rate) of around 22% to 24% means that over the course of a […] - [Cheap Credit Cards](https://topcreditcardrates.net/cheap-credit-cards/): Photo by Jonas Leupe on Unsplash What are Cheap Credit Cards? A cheap credit card is one that offers a low interest rate. Cheap credit cards are normally only offered to people who have, not only a good credit history / score but meet the criteria for affordability in terms of personal income. People who with poor or no credit histories tend to be offered credit cards with much higher interest rates. This is because the risk for the lender is much higher. In order to obtain a cheap credit card with a low interest rate, the customer must have […] - [Credit Cards with no Annual Fee](https://topcreditcardrates.net/credit-cards-with-no-annual-fee/): Photo by Stephen Phillips on Hostreviews.co.uk - [Top Rated Cash Back Credit Cards](https://topcreditcardrates.net/top-rated-cash-back-credit-cards/) - [Credit cards with no International Fees](https://topcreditcardrates.net/credit-cards-with-no-international-fees/) [comment]: # (Generated by Hostinger Tools Plugin)