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No, it is more like a loan from the card's dealer. You then create debt on your credit card if you buy things with it. Then you have to pay back the debt to the card manufacturer.

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14y ago

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Related Questions

What is a secured credit card?

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


Can you transfer money to a credit card?

Yes, you can transfer money to a credit card by making a payment from your bank account to the credit card account.


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.


Can you wire money directly to a credit card?

No, you cannot wire money directly to a credit card.


How can I use a credit card to deposit money?

You can use a credit card to deposit money by transferring funds from your credit card to your bank account or by using your credit card to make a cash deposit at an ATM that accepts credit card deposits.


Can you add money to a credit card?

Yes, you can add money to a credit card by making a payment towards the balance on the card.


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?

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How do you put money on your credit card?

To put money on your credit card, you can make a payment online, through your bank, or by mailing a check to the credit card company.