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Yes a credit card is a loan but remember the interest rate on these can be quite high comparing to a personal loan.
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∙ 16y ago
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Can you pay a payday loan with a credit card?
Only a few payday loan companies allow you to pay off your loan with a credit card. Most required payment of the loan with a debit card or check.
What is the difference in Conventional loan verses credit card loan?
The primary difference between a conventional loan and a credit card loan is that a conventional loan is given to you in one lump sum whereas a "credit card loan" or line of credit can be drawn down as needed rather than in one lump sum. You can find out more about business lines of credit by visiting www.businessloc.com
Is a credit card a secured loan?
No. A Credit Card is a simple form of a revolving loan with a limit but is typically not secured by any asset.
Can a credit card defaulter get house loan after the credit card debt settlement?
yes
What is a tradline?
any credit line that you have- credit card, car loan, mortgage and student loan
Can you pay a payday loan with a credit card?
Only a few payday loan companies allow you to pay off your loan with a credit card. Most required payment of the loan with a debit card or check.
What is the difference in Conventional loan verses credit card loan?
The primary difference between a conventional loan and a credit card loan is that a conventional loan is given to you in one lump sum whereas a "credit card loan" or line of credit can be drawn down as needed rather than in one lump sum. You can find out more about business lines of credit by visiting www.businessloc.com
Is a credit card a secured loan?
No. A Credit Card is a simple form of a revolving loan with a limit but is typically not secured by any asset.
Can a credit card defaulter get house loan after the credit card debt settlement?
yes
What is a tradline?
any credit line that you have- credit card, car loan, mortgage and student loan
Can you get a loan with debit card?
A loan off of debit card like credit card cash advance? Yes
What is a Loan Suffix?
The "loan suffix" as related to a credit card is the last two numbers on your card.
What about credit card?
line of credit that you can borrow, to purchase items. it is a loan
How do credit card companies use a persons credit report?
To determine if that person should be given a loan or credit card
When a auto loan personal loan and credit card loan are combined what is it called?
That is called a ACP Loan
How do banks create credit?
Credit is established when you apply for a loan or credit card with a lender.
Can you pay off your loan with a credit card?
Not directly, but you can take a cash advance from a credit card to pay off the loan. However, that probably is a bad idea, since the cash advance charge and the credit card interest most likely would exceed what you owe for the loan.
