Now you KNOW what actually happened when you swipe your credit card and SCARY facts about credit cards!


The Anatomy Of A Credit Card Transaction

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Have you ever wondered how a credit card works – what happens behind the scenes as you swipe your card and make a purchase?

How does the retailer get paid, and how does your bank keep track of how much you owe on your credit card?

In this infographic, we explain the inner workings of a credit card, as well as offer tips to credit card holders on how you can minimise the fees on your card, and what to do if you’re in too much debt.

Source: iMoney

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