In an effort to make life a bit easier, the introduction of Credit Cards by financial institutions have been a great help to those who believe in ‘plastic money’. It is prudent to select the type of Credit card that best suits one’s individual needs. Some points to note regarding Standard Credit Cards are: You are allowed a maximum credit limit (based on conditions laid by the Card company) and your financial strength. This credit indicates how much money you can use for making purchases or for withdrawing or transferring cash (if allowed). For cardholders who go over the limits, the Card provider would charge a finance fee. Almost all cards require a minimum payment that needs to be made before a specified period of time or else you may be slapped with a finance charge for late payments.  Most card companies allow a revolving balance, i.e., you charge your card for making a purchase and then remit some money at a later date, and the card company would charge you for the period that you have used the credit. Convenient though this may be, care should be taken that one does not go overboard in charging the card and end up unable to pay.