Date: Monday 08/06/2012 12:00:59
Baghdad (news) .. Said banking expert Mohsen Ali, the importance of using credit cards to citizens in banking transactions for ease of disposition of funds, calling for universal work in all government and private banks.
Ali (of the Agency news) said on Monday: The credit card (Alvezacard) and (Mastercard) are necessary very in banking, because they dispense with the use of the money supply moving to the citizen Ptaamlath in the local market. He pointed to: that the financial system in Iraq is about to start a financial electronic art called “divided the national will” help to promote credit cards and expands the spread, indicating that the card services credit will make the dealers in the local market, obviating the use of the money supply because it has become a phenomenon tiring and expensive.
suggested: the completion of the distribution of cards by the persons have an account under way in Iraqi banks and they can get on this card, referring to it a similar process for credit card Smart used to receive pensions, but they are extended means that the card holder could be dealing with restaurants, hotels, markets, etc. instead of paying cash. noteworthy that the Trade Bank of Iraq announced the launch of credit cards for people dealing with them for easy handling and the elimination of dealing in the money supply in local markets
known as the credit card bank as a financial loan consumers can use it to purchase its requirements and then pay later, if he is willing to pay all the borrowing them (buy) in any month, it allows him to rotate the part or all of the borrowed amount to the next month, and the consequent In this case the payment of interest on the debit balance (existing), The most famous types of cards: card account, the city card, ATM card, the card secured credit, smart card, prepaid card, card coalition, card allowances (bonuses), the card marked with commercial dual.