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So what is a credit card? People all over the world use them every day to buy everything under the sun. But where does all that money come from? Well, it’s pretty simple. Credit cards are a way for people to borrow money from a bank or other financial organization. When you’re “approved” for a credit card, it means a bank is willing to lend you some money.

Remember: A credit card is a license to borrow money from a bank or other financial organization.
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Credit Card Primer Case Files Choosing and Using a Credit Card