The Page Credit Card with no Bank Account

A credit card is a system of payment named after the small plastic card issued to users of the system. In the case of credit cards, the issuer lends money to the consumer (or the user) to be paid later to the merchant. It is different from a charge card, which requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the same shape and size, as specified by the ISO 7810 standard. n the United States, a Negotiable Order of Withdrawal account (NOW account) is a deposit account that pays interest, on which checks may be written. You can get a credit card with no bank account in some rare instances, and may be right to search the inmternet for such ways. In the early 1970s, smaller banks in Massachusetts created the Negotiable Order of Withdrawal account to compete with the larger commercial banks. The sesquipedalian name stems from the history of banking in the United States which prohibits interest on checking accounts. Payment law meant that checks were negotiable instruments so some banks sought the permission to allow depositors the ability to issue negotiable withdrawals that can be given to a third party. Once approved, the banks could pay interest because they were not technically checking accounts. Authorized on a national scale in 1981, these accounts typically pay a relatively small return, although some banks offer high-interest NOW accounts in order to attract depositors' assets.