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Yes a credit card is a loan but remember the interest rate on these can be quite high comparing to a personal loan.

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17y ago

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Related Questions

Is a credit card considered a secured or unsecured loan?

A credit card is considered an unsecured loan.


How can I use a credit card to pay off a loan?

You can use a credit card to pay off a loan by transferring the loan balance to your credit card or using your credit card to make payments towards the loan. Be aware of any fees or interest rates associated with using a credit card for this purpose.


Can you pay a payday loan with a credit card?

Only a few payday loan companies allow you to pay off your loan with a credit card. Most required payment of the loan with a debit card or check.


What is the difference in Conventional loan verses credit card loan?

The primary difference between a conventional loan and a credit card loan is that a conventional loan is given to you in one lump sum whereas a "credit card loan" or line of credit can be drawn down as needed rather than in one lump sum. You can find out more about business lines of credit by visiting www.businessloc.com


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 a credit card defaulter get house loan after the credit card debt settlement?

yes


What is a tradline?

any credit line that you have- credit card, car loan, mortgage and student loan


Can you get a loan with debit card?

A loan off of debit card like credit card cash advance? Yes


What about credit card?

line of credit that you can borrow, to purchase items. it is a loan


What is a Loan Suffix?

The "loan suffix" as related to a credit card is the last two numbers on your card.


Can you pay off a personal loan with a credit card?

Yes, it is possible to pay off a personal loan with a credit card, but it may not be advisable due to the high interest rates associated with credit card debt.


How do credit card companies use a persons credit report?

To determine if that person should be given a loan or credit card