0
Credit cards are not money; they are money lent to you from a company. You, the average consumer, is called the 'borrower'.
When shopping for a credit card, be sure to find one that's right for you. Don't get a high minimum if you won't be able to pay it if you happen to use all the borrowed money (ie if you earn $15,000 a year, don't get a credit card with a $50,000 limit; you'll drown in fees, interest rates and payments).
Check this link out about what credit cards are right for you: http://www.americanfinancialfreedom.org/credit-cards/default.aspx
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Are credit cards considered to be money?
Although many people treat them as such, no, credit cards are not considered to be money.
how can i get free money to pay off my credit cards?
how can it get free money to pay off my credit cards
Do you pay on debt with credit cards?
no you go into a deeper debt with credit cards. creadit cards are not money. you BORROW the money and they want it back really quick.
Why were credit cards invented?
Credit cards were made because banks wanted to keep up with credit as in owed money better.
Why credit cards are money?
Credit cards are not money, they are used to purchase things under a temporary loan, which can be repaid at a later time for a small fee charged by the credit card issuer.
What is the definition of plastic money?
Credit cards.
Are credit cards considered to be money?
Although many people treat them as such, no, credit cards are not considered to be money.
how can i get free money to pay off my credit cards?
how can it get free money to pay off my credit cards
Do you pay on debt with credit cards?
no you go into a deeper debt with credit cards. creadit cards are not money. you BORROW the money and they want it back really quick.
Where can one compare rates on credit cards in the UK?
Credit cards are a necessity for many business people and there are a wide variety to choose from. To compare interest rates for business credit cards check out Money Supermarket, Money Saving Expert, Money or Money Facts.
What is meant by plastic money?
plastic money nothing but we use normally plastic card like credit cards, debit cards, etc.,.It is vernacular for credit cards.
Why were credit cards invented?
Credit cards were made because banks wanted to keep up with credit as in owed money better.
Why credit cards are money?
Credit cards are not money, they are used to purchase things under a temporary loan, which can be repaid at a later time for a small fee charged by the credit card issuer.
Are USAA credit cards applicable to everyone?
No, you have to apply for most types of credit cards. The only credit cards that everyone can for sure get are the prepaid kinds from the store, you have to pay for cards and then load the money onto them.
How do you carry money in Oman?
cash, credit cards !
What is the easiest way of borrowing money?
credit cards
What are advantages about credit cards?
You can use money you don't have.
