A credit card is a method of payment used to purchase goods and services from vendors. Credit cards allow customers to borrow money from the card issuer, usually up to a set limit, and pay for the purchases with an interest-free period before the balance needs to be paid off in full. On the other hand, purchasing cards, also known as procurement cards or p-cards, are shorter-term payment options that are used exclusively to purchase goods and services within an organization’s supply chain. Unlike traditional credit cards, these cards are issued directly by the company, often with predetermined limits and restrictions, and are not subject to additional interest rates. They are designed to simplify the purchasing process by streamlining the approval process, reducing paperwork, and increasing transparency and control over purchases.