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What is the difference between credit cards issued by banks and credit cards issued by shops?
Wiki User
∙ 14y ago
Nothing really. You're going to find that places like Kohl's, and other places are tied in with a company like Visa. These major store branded cards will build your credit, and if you're unsure, simply ask.
Wiki User
∙ 14y ago
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What are the difference between credit cards issued by Islamic banks and credit cards issued by conventional banks?
There may be a restriction on funds transfer in other countries or other currencies. Some countries have currency controls which means credit cards issued in those countries may not be used to pay for transactions outside of the country. Even if they do allow transactions outside the country where the card was issued, they almost certainly will not allow transactions that take place in Israel.
Can the banks in UAE issued a global ban for a credit card debt?
yes, you will become a hobo
How are credit cards similar to banks?
Credit cards are issued by banks. They are essentially just a loan at an extremely high interest rate. They are somewhat similar to unsecured or 'signature' loans at a bank.
What is the difference between the commercial banks and micro finance banks?
The difference between the commercial banks and micro finance banks is in their functions and ability. The main difference is in the lending limits with micro finance banks having lower limits.
Are there credit cards for people with bad credit?
Credit cards for people with bad credit are secured cards issued by banks. It is also possible to get unsecured cards with low interest rate or zero APR for the first six months. Negotiations can be done with the bank that issued your credit card.
What banks issue APR credit cards?
The APR credit cards are issued by different banks, such as Bank of America, TD Bank and Union Bank. APR is annual percentage rate and it gives many benefits to the credit card users.
What is difference between credit card and debit card?
Debit cards are commonly issued by banks. When you purchase for goods or services, the amount is deducted from your bank account. Credit cards are issued by a bank or other institutions that deals with credit cards. When you make purchases, the issuer of the credit card will pay the merchant in advance. On the other hand, you may pay the credit card issuer in full or in installments with certain interest. If you want to learn more about credit cards, you may search online. Since, credit card is more complicated than debit cards, you should learn more about it.
How do banks issue credit cards?
Banks normally require basic information about individuals and a formal registration with the bank. Once this is done, a review of the account holders information is done and later credit cards issued.
What is the difference between a bank and credit union?
A bank may be privately owned or owned by share holders, A credit union is owned by its depositors.Credit Unions are not for-profit, while most banks are. Also, in most credit unions, you must apply to be a member. For banks, you can just walk right in and sign join. Credit Unions are smaller and more localized, where banks are larger a have a broader range of services.
What is the difference between the prime interest rate and that charged by banks to the public?
The difference is that rates charged by banks to the public have an additional rate added to the prime rate based on creditworthiness and rating. Poor credit equals a higher interest rate and vice versa.
What are the differences between quantitative and qualitative credit control measures in banks?
The main difference between the general and selective credit control methods is that the former influence the cost and overall volume of credit granted by banks. They affect credit related to the whole economy whereas the selective controls affect the flow of credit to only specified sector of the economy, wherein speculative tendency and rising trend of prices, due to excessive bank credit, is noticed.
Can a NRI have a credit card from an Indian bank?
Yes credit cards may be issued to NRI by Indian Banks as per RBI circular. rbidocs.rbi.org.in/rdocs/notification/PDFs/33116.pdf‎ The banks however are not keen to issue them.
