It’s so you can buy things you need and pay them back over time, or to have an emergency amount of money if needed.
You can also change bank, or open a second, third or even fourth account. There is no legal limit of any kind that ties you to a single bank.
So you can pick whatever card company you like and open an account with a corresponding bank
> What are these things? Why do banks need to use them?
A credit card does what it says on the tin – the user can buy on credit without having to hasten through a loan application for every piece of bubble gum and the providing bank gets to collect interest.
Additionally, initial liability for payments lies with the **bank**, not with the user since charges usually only get deducted from the user’s account in form of a monthly charge. That means if someone else fraudulently uses your credit card then you don’t have to take the loss if you catch it early enough. If someone else fraudulently uses your **debit** card however, that money is gone immediately.
>There is the slogan; “for everything else there’s MasterCard”. As user of cards does this awareness benefit me I’m any way when I don’t have a choice in what card I get as it’s up to my bank?
That’s a bit like saying “I don’t have a choice in whether I use electric motors or a combustion engine in my car, the manufacturer put X engine in there already!” – I mean… sure, but you chose the car!?
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