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What kind of credit is extended when a person uses a credit card?

The type of credit that is extended when a person uses a credit card is revolving credit. Revolving credit allows the consumer to carry a balance and pay a minimum monthly.


What is the average credit card per person in Canada?

5


Does bill gates have a credit card?

Yes, he does carry a credit card and some Welsh Crackers got his credit card details


When are you in credit card debt?

A person is in credit card debt when they have charges on their credit card and can not pay them. A person can make charges on a credit card and make payments at a later date. When a person charges on their credit card, the charge is now a debt that must be paid.


Is paying off your credit card bad?

Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.


How do you reconcile credit card?

Carry a book with you and record every credit card transaction. When you get your bill see if they match.


What if person uses deceased persons credit cards?

The use of a deceased person's credit card would constitute credit card fraud. Unlawful use of a credit card is a criminal offense.


Can you transfer your credit card balance to another person?

No, you cannot transfer your credit card balance to another person.


What is total credit card debt?

Total credit card debt currently amounts to about 962 billion dollars. The average credit card debt per owning household is 14,750 dollars. Approximately 609.8 million credit cards are currently in USA, with credit card users having an average of 3.5 cards each. Young people have credit card balance well below the average. While 25 to 34 years old manage to cut their credit card debt, they still average over $5,000 in credit card debt.


How much time does credit card carry?

Credit cards do not carry time. They have an expiration date, usually 2 - 5 years.


What is the average interest rate on the Goodyear credit card?

The average interest rate on a Goodyear credit card is around 10-15%, depending on your credit score and time of application. You can apply for a Goodyear credit card at a Goodyear dealership.


Is unauthorised person liable to pay credit card bill if he has used someone else credit card with his consent?

Yes, unless the credit card holder told the person that it was a gift.