A Bank can be defined as a financial institution that offers various banking products to individuals, corporates, and governments. A bank can be classified into different categories based on its services; for example, commercial banks offer savings accounts, loans, credit cards, etc. However, there are also investment banks that focus entirely on investing in companies or government bonds. What is Credit Card? A credit card (also known as plastic money or an e-purse) is a payment card issued by a bank that enables the holder to pay for goods and services based on the holder’s promise to pay for them within a period. This period is free, and it occurs before the credit card bill has to be paid. The Bank will charge interest on any money spent using the credit card if payment is not made in time. Some of the most popular Credit cards include BankAmericard, Diner’s Club, MasterCard. What is Bank Cards? A Bank Card can be either a debit or a credit card. The primary difference between the two types of cards is that when you use a credit card, you’re borrowing money from your issuer to cover your purchase, whereas, with a debit card, you’re spending money that’s already been deposited in your account. The popularity and acceptance of Bank Cards have significantly increased over recent years, and many Banks offer customers different ways to pay. Bank cards are incredibly convenient to have, whether you use them in stores or online; Bank cards significantly reduce the need for carrying cash and can be used almost anywhere that accepts credit cards. What is Bank Card Application? A Bank card application (or Bankcard application form) is a document provided by your Bank that asks for specific information about you so that they may grant you an approved Bank card of your chosen type.