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because a credit card purchase is a loan, a promise to pay back in the future. it does not fall under the definitions of money (m1,2,3)
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Why do credit cards considered money or not considered as money?
Because money consideration is granted credit into card formation bedfellow however the consolidation of the derivative card of credit is pennywise but pound cake foolish
Would a credit card be considered an asset?
No. A credit card is not an asset, it is a liability because it is essentially money that you have borrowed from a bank, in other words, it's debt.
What is a secured credit card?
a credit card that is secured by a deposit of your own money
Can ATMs take your credit card?
You can call your credit card company and have a PIN assigned to your credit card, so you can use it to get cash at ATMs. Mind you, this money is considered a cash advance and the fees and interest charged will be higher.
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 do credit cards considered money or not considered as money?
Because money consideration is granted credit into card formation bedfellow however the consolidation of the derivative card of credit is pennywise but pound cake foolish
Would a credit card be considered an asset?
No. A credit card is not an asset, it is a liability because it is essentially money that you have borrowed from a bank, in other words, it's debt.
What is a secured credit card?
a credit card that is secured by a deposit of your own money
Can ATMs take your credit card?
You can call your credit card company and have a PIN assigned to your credit card, so you can use it to get cash at ATMs. Mind you, this money is considered a cash advance and the fees and interest charged will be higher.
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.
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
Should a bank credit card be considered money?
yes------NO. You should protect your credit cards as you would your cash. But it's not "considered money" for the obvious reason. If cash is lost or stolen, it cannot be replaced. A credit card, on the other hand, can be replaced. Even if stolen with fraudulent charges, there would be no financial lose on your part.
Are casino chip purchases considered a cash advance or a purchase on credit cards?
You cannot purchase chips at a casino with a credit or debit card. You have to use an ATM to get the money and then purchase the chips.
