What is credit card in Philipines?

A credit card in the Philippines is a type of payment card that allows the cardholder to borrow money from the issuer (usually a bank) to pay for purchases. The cardholder then repays the amount borrowed, typically with interest and fees, over a specified period of time. Credit cards in the Philippines offer a variety of features, such as rewards, cashback, and other benefits. They can be used to make purchases at merchants that accept the card, as well as withdraw cash at ATMs.