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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

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Q: Why aren't credit card counted as money?
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Related questions

Does a credit card issued to wife in the name of additional credit card without her consent will it be counted as a unsolicited credit card?

No.


What is a secured credit card?

a credit card that is secured by a deposit of your own money


Can anyone get a credit card?

if you have money you have to pay for a credit card


How is the Walmart Money Card different from a normal Visa 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.


How do you know if your credit card is secured?

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.


Why can't i purchase a money order with my credit card?

Because there has to be real money on the money order. A credit card is a loan of money to you.


What state accepts credit cards?

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


How can one get credit card with bad credit?

u sex the credit card and it has no money on it


When I transfer money with my credit card what do you see on my credit card account?

no


Can I get a credit card with money already on it?

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.


How do you get rid of a credit card without it hurting your credit?

Transfer your money to another credit card.


With the use of credit cards becoming more prominent and the availability of credit broader than ever. Why are credit not included in the Ms?

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.