Card companies regularly come out with attractive offers that are designed to attract customers. These credit card offers are made in such a manner that the customers get roped in without compromising on the card company's profitability. Retaining customers is the main focus of credit card companies and hence they adopt smart techniques for getting more business and also retaining the old customers.
Credit (from Latin credere translation. "to believe") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.