THE USE OF CREDIT CARDS IN THE SYSTEM OF CASHLESS PAYMENTS

Abstract

Credit cards are an innovative tool, but also profitable and convenient banking product in the system of cashless payments, they offer their clients the opportunity to benefit from the Bank's funds at any time. Because of the grace period this service is free for 50 days. The development of the credit card market is slow, as there is no legislative basis in the form of services, which causes the distrust of clients. Currently issuing banks are conducting ineffective training clients in the use of Bank credit cards that also inhibits the development and proliferation of the credit card market especially in Russia.