A Brief Overview of Credit Cards

The recipient of a BS in finance from James Madison University in Harrisonburg, Virginia, William Adam Boyd, serves as CEO of electronic transaction processing firm VeriPay. In his capacity, William Adam Boyd oversees prepaid, debit, and credit card services provided to various United States-based companies and government agencies.

Credit cards provide quick payments, offers, discounts, and lessen the need to carry cash. General-purpose credit cards and private label credit cards are two credit card types. General-purpose cards are accepted at shopping malls, restaurants, e-commerce platforms, and ATMs to make withdrawals. Retailers issue private label cards and accept them exclusively.

Corporate credit cards, supplemental cards, and dual currency cards are other card types. Corporate employees receive access to corporate credit cards for business purchases. Foreign and dual currency cards are issued for international use. Credit card companies issue supplementary cards to the main account holder. When a person uses a supplementary card, the main cardholder receives the bill.