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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.
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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.
Credit card debt default and asset seizure?
A company can seize assets doe to credit card default if they obtain a judgment through the court. You will be notified of the court date.
Is credit card and debit card considered as a cash?
No, credit cards are loans and debit cards are checks.
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.
Difference between asset management debt management?
That's the difference between ying and the yang. For example the 'Unsecured Assets' department of a Bank issues you a credit card- That's an asset to the bank; And a debt for you. How effectively the Bank manages its credit card portfolio is called asset management. How effectively you pay back your debt is called debt management
Would extra payments made on a credit card be an asset liability income or expense?
liability
Is bank account an asset?
Yes, bank account is an asset (provided it is not a loan or credit card account). Since a Bank account is a place where we deposit and keep money, it can be considered an asset. (And this is only as long as you have cash in your account. If your account balance is 0 it is not an asset)
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 you get in trouble if you steal someone xbox account and use the credit card on the account?
Yes you can since you would be using a stolen credit card which would be considered theft.
What is the sol in Tennessee for a credit card debt?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Tennessee is 6 years. That would be from the last use or payment.
What credit card was first?
Diners Club, which was techincally a charge card is usually considered the first credit card.
What are the stature of limitions on credit card debt in Tennessee?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Tennessee is 6 years. That would be from the last use or payment.
Credit card debt default and asset seizure?
A company can seize assets doe to credit card default if they obtain a judgment through the court. You will be notified of the court date.
Is the use of a credit card considered Interstate Commerce?
Well Yes by the true definition Interstate Commerce would be in affect if you use your credit card to make a purchase outside of your own state. If you make a purchase using a credit card within your state, Interstate Commerce Laws would not affect you but may affect the Credit Card Company.
Is credit card and debit card considered as a cash?
No, credit cards are loans and debit cards are checks.
Can you add gratuity to a credit card left by a customer at a bar?
No, beacuse that is will be using the person's credit card without their permission. That is considered credit card fraud.
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.
