Credit Card

Without a doubt you are familiar with the word credit card, MasterCard or visa card. But do you know the difference between them? These types of cards have advantages for those who want to live in overseas countries. Following we will review how to obtain and use this card and also its advantages. All organizations which have an activity in the banking field, are allowed to issue these cards. These types of cards have different credits for different people, according to their bank accounts. Also these cards have no money. 

Advantages of having a credit card
Basically, a credit card is a type of bank loan that the applicant can use even more than her/his account balance and return it to the bank in the next following months. The applicant can obtain this card only if the bank is fully sure of her/his repayments in the future. These cards are issued in the form of other bank cards for purchasing. If you buy a product from your normal credit card, then the purchased amount will be deducted from your bank account, but when you have a “credit card” and you want to get something, no amount will be deducted from your bank account. In fact, you must pay your purchased amount to the bank in installments with interest or in cash, because all payments were made by the bank through “credit cards”. Each bank credit card has its own advantages. The validity period of each credit card is between 3 to 5 years. We can say that one of the strong advantages of “credit card” is unlimited shopping from all stores in the world. The “credit card” holder should consider returning the purchased amounts to the bank during the month. Due to the strong security of this card, the holder can also receive money from ATMs. Did you know that the holder of this type of card can deactivate or reactivate her/his card according to her/his use? With having a credit card, you can have international transactions, account balance declaration and other general banking services. Another good advantage of a credit card is its low commission in many countries. Also in some cases, it will be subject to a bank interest. With this card, the applicant can buy her/his intended stuff in installments. According to the individual's account statement, it is possible to increase the financial limit. 
Disadvantages of “Credit card” 
If you are good at repayments, having a credit card is a good option for you and if you are not, then nothing will be left for you except debts. Another disadvantage of this card is its high commission when withdrawing money, also keep in mind that there is a possibility of receiving high interest for this. If the card holder pays the installments with delay, she/he will no longer be able to get a “credit card” in the future, or the value and capital of his “credit card” will decrease, and on the other hand, she/he will not be able to increase it.

How to obtain a “Credit card ?
Unfortunately, due to the current situation in Iran and the existence of sanctions, it is not possible to get a “Credit card”. However, some private banks can issue cards such as Visa card and MasterCard for the applicant. The requirement for this process is to have 500,000,000 IR Rial in the applicant's long-term account, and this amount of money will be blocked for a while and it's not usable. With many companies offering credit cards, the applicant must be smart and choose a reliable and good company by researching and asking. For getting credit cards such as MasterCard and Visa card, the original passport and original identification card is needed. After going through the related process and paying the related amount, the applicant can have her/his card within 45 business days. There are different credit cards such as standard cards where the amount of money can be increased, the reward card, which has good options related to traveling and also has the possibility of returning cashfrom the main capital. Guaranteed credit cards for which you have to provide an amount as a deposit to the bank. “Credit card” applicants can use this method to obtain their credit card from private banks in Iran. Also, with this method, private banks can provide rechargeable credit cards for applicants. For this, there is no need to provide a deposit to the bank at the beginning, but it should be noted that if the applicant wants to apply for a rechargeable credit card again, he must pay his previous debts to the bank.

Did you know that you can apply for a “Credit card” by presenting identification documents, paycheck and residency documents in European countries such as France, Germany, Austria, etc.?
It is also possible to issue different types of credit cards for international students.
Credit card and its popularity in different countries
Nowadays, almost many people have credit cards, other than usual bank credit cards. It is also common to use credit cards. Countries that are under sanction, such as Iran, are not able to receive credit cards directly, and there is no exchange and financial transactions through credit cards with these countries. In some cases, if a person has a credit card but is Iranian, she/he is not able to make financial transactions in some countries. Every year, a large number of “Credit cards” from all over the world are issued to applicants. Nowadays, people prefer to use credit cards because of their small size, ease of use, light weight and other advantages. The competition between banks is high to attract more customers and in this regard, they offer various facilities for their credit cards. As it mentioned before, people are more willing to use bank credit cards for financial transactions. Do you know that the most countries where credit cards are used and more than 70% of financial transactions are done with these types of cards are countries such as South Korea, Sweden, France, America, England, Canada, China, Japan and Australia?
Most famous credit cards are
MasterCard
Discover Credit Cards
Visa card
American Express Card                          
Among credit cards, the most famous one is the Discover Credit Cards by offering 42 million cards to applicants. The desire to use cards such as Discover Credit Cards and American Express Cards is more among the people of America, Australia and Canada, while the MasterCard and Visa cards are more famous among the people of Europe. There are different types of MasterCard and Visa cards such as:
Gold and classic visa card.
Visa electron card.
Classic travel visa.
Debit MasterCard.
Prepaid MasterCard.
Maestro.
Credit Cards
With all the above cards, you can make financial transactions in most countries. Remember that these cards have their own advantages.