Module 7 : Understanding the Features of Credit Cards and Debit Cards

Objectives Introduction to credit and debit cards A brief history of credit cards in the UK What is a credit card and how does it work as a payment mechanism How to calculate APR What are debit cards and how do they differ from credit cards 7.1 Introduction Credit and debit cards continue to be an integral part of the UK's payment system. The British public is one of the heaviest users of credit and debit cards and with good reason. Card payments offer added protec...