Thursday 17 November 2016

Facts About Credit Cards You Should Know About



Almost all people these days already use a credit card. However, not all people actually know more about the credit cards they are holding. Here are some credit card facts you may not have known yet but certainly should know about.

- Credit cards could only be used in New York at first. This was in 1950. Particularly, credit cards could only be used in 28 restaurants and 2 hotels in New York.

- Credit cards do not actually have an expiration date. Although you can see en expiration date printed on your card, you can still use it even if it is expired. The expiration date stated on your card is just for the issuing bank to know that it is time to replace your card with a new one.

- The first two digits on your card indicates the type of industry that issued the card. If it is issued by an airline, it should start with a 1 or a 2. For travel and entertainment, it should be a 3. For banking institutions, it should be a 4 or a 5. For merchandising and banking, it should be a 6. For gas cards, it should be a 7. For telecommunication companies, it should be an 8. And for national assignments, it should be a 9.

Trivia Info Resource: www.business.hsbc.com.eg

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