Q:

How do credit cards work

Answer

The issuing bank credits the account of the merchant as sales slips are receivedand assembles charges to be billed to customer.

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More ChaCha Answers (2)

Credit-card companies charge cardholders an annual fee and bill them on a monthly or yearly basis. This may include MORE?

Feb 25 2009, 08:05am | Source: HowStuffWorks "How Credit Cards Work" | money.howstuffworks.com

A credit card authorizes the person named on it to charge purchases or services to his account. He will be billed for the charges.

Feb 19 2009, 07:50pm | Source: HowStuffWorks "How Credit Cards Work" | money.howstuffworks.com