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a) investment credit- capital are on credit first; more on buying properties (lots).

b) agricultural credit- for farm improvement (usu. farmers only); loan for acquisition of farm utilities.

c) export credit- 4 parties: exporter, local bank, importer and local bank of the importer; need capitalization; payment is only bank to bank.

d) real estate credit- same with investment but limited to house and lots.

e) industrial credit- for purposes of mining, fishing, factories (usu. businessmen); excludes farmers.

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What is the purpose for a credit card?

Credit cards are issued for the purpose of providing convenience when making purchases. There are instances that bringing cash is burdensome or dangerous and using credit card for payment is more practical. Also, a cardholder is provided a credit line. Therefore, even if the cardholders has no cash on hand, he can still make the purchase with the use of the credit card.


What is the purpose of credit card programs?

The purpose of credit card programs is to add an incentive to keep using the credit card. Additionally, credit card companies will use credit card programs to make sure that customers pay on time and do not accumulate too much debt. If the customer abides by these rules, he or she will enjoy greater financial benefits.


How can I use a credit card to pay off a loan?

You can use a credit card to pay off a loan by transferring the loan balance to your credit card or using your credit card to make payments towards the loan. Be aware of any fees or interest rates associated with using a credit card for this purpose.


How can I use a line of credit for a down payment on a home?

You can use a line of credit for a down payment on a home by borrowing money from the line of credit and using it towards the down payment. However, it's important to consider the terms of the line of credit, interest rates, and repayment plan before using it for this purpose.


How can I use a line of credit for a down payment on a new home?

You can use a line of credit for a down payment on a new home by withdrawing funds from the line of credit and using them towards the down payment. However, it's important to consider the interest rates and repayment terms of the line of credit before using it for this purpose.

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What is the purpose of credit card programs?

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How can I use a credit card to pay off a loan?

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