credit cards is counted as money because say if you get your check and your money will go on your credit card i love chocalate ,k,k,k,k,k,k,k,k,k,k,k,k,k,k,k,k,k
all states accept credit cards there arent any that do not accept use of a credit card. I think other countries even allow the use of a credit card
credit mean were you take money debit is what you give money
I am not sure what you mean. If you have used your credit chard to purchase something or to obtain money, then yes, you must pay money into your credit card account to cover these actions.
Charges against a debit card are withdrawn directly from your checking account, it's similar to writing a check. Charges against a credit card are accumulated and you are sent a bill at the end of the month for the money you borrowed with possible fees. with a credit card you are using the banks money. with the debit card you are using your own money.
They say that I am in contract to pay for everything. They have my credit card and that's it. What can happen if the credit card on file is invalid?
No.
a credit card that is secured by a deposit of your own money
if you have money you have to pay for a credit card
The Walmart money card is different from a normal Visa credit card because an individual has to deposit money on the Walmart card before he or she can purchase items with the card. Whereas the Visa credit card already has money on it, or a certain amount of credit.
A secured credit card is a card on which you load money to be used by you. You will know if your credit card is secured if you must put money on it to use it.
Because there has to be real money on the money order. A credit card is a loan of money to you.
all states accept credit cards there arent any that do not accept use of a credit card. I think other countries even allow the use of a credit card
u sex the credit card and it has no money on it
no
Every credit card comes with money already on it.another answerI think you're referring to a debit card. That is a credit card which you "load" with a sum of money and can use up to that amount.
Transfer your money to another credit card.
Credit cards are loans - unsecured loans to be exact. So the short answer is that loans are not considered money, thus it's not included in the money supply. Consider what happens in a credit card transaction. Let's say you buy groceries and pay for it with a credit card. At the end of the night, the grocery store will settle out their card terminals and run a batch. Usually, within 24 hours, the grocery store will be credited with money in their account from the credit card company. This transaction is usually a M1 (checking like accounts) or M2 (savings and money market like accounts) transfer between the credit card company and the bank institution of the grocery store. Then when you pay your credit card bill, again it will be a M1 or M2 tranaction between your account to the credit card company. If credit card loans were included at the time you swipe the card at the grocery store, then the transaction would be double counted. Loans are merely a demand obligation to pay at some future date. It is not counted as money flow until a payment is made. The loan itself is not money flow.