Abstract
Doubtless everyone have heard of the credit cards but few know how they put into the business market and designed technically, legally and operational to become the master of the consumers market in most countries.
This study is highlighting on the development of credit cards in the mid of this century and their extension from the American market to other markets, also this study covers the operations of the credit cards, their kinds – debit cards credit cards – the companies and banks issuing them, the way a consumer can get a credit card and the costs of the different kinds of credit card.
On the other hands this study is dealing with the legal aspects of credit card, i.e. the legal nature of the credit cards system, the relation nature of the credit cards system, the relations between the issuer of the credit card and the card holder in one side and the merchant in the other side.
The study also includes the legal protection to the consumers as well as the legal protection to the issuer of the credit card.