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They aren't 'money', they're a form of revolving debt. Imagine you use a credit card to buy something for £100. You haven't paid anything, but the company has received £100. At the moment, it is the credit card company who has paid for it.
Now however you owe the credit card company that amount, plus some interest. When you pay this, the debt is gone, and the credit card company has made a little on it for their services. So rather than pay £100 now, you pay £105 at a later date.
What else can I help you with?
Are credit cards considered to be money?
Although many people treat them as such, no, credit cards are not considered to be money.
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
Why is credit cards not considered money?
Credit cards are not considered money because they do not represent a medium of exchange or a store of value; rather, they are a means of accessing credit. When you use a credit card, you are borrowing funds from the card issuer to make a purchase, which you are obligated to pay back later. In contrast, money is typically defined as cash or currency that can be used directly to buy goods and services without incurring debt. Thus, credit cards facilitate transactions but do not themselves act as a form of money.
how can i get free money to pay off my credit cards?
how can it get free money to pay off my credit cards
Do you pay on debt with credit cards?
no you go into a deeper debt with credit cards. creadit cards are not money. you BORROW the money and they want it back really quick.
Are credit cards considered to be money?
Although many people treat them as such, no, credit cards are not considered to be money.
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
how can i get free money to pay off my credit cards?
how can it get free money to pay off my credit cards
Can child support enforcement take money from your credit card?
No, credit cards are not considered a form of income and cannot be used to pay for child support.
Do you pay on debt with credit cards?
no you go into a deeper debt with credit cards. creadit cards are not money. you BORROW the money and they want it back really quick.
Where can one compare rates on credit cards in the UK?
Credit cards are a necessity for many business people and there are a wide variety to choose from. To compare interest rates for business credit cards check out Money Supermarket, Money Saving Expert, Money or Money Facts.
What is meant by plastic money?
plastic money nothing but we use normally plastic card like credit cards, debit cards, etc.,.It is vernacular for credit cards.
What is the definition of plastic money?
Plastic money refers to credit cards, debit cards, or any other cards that are used to make payments electronically instead of using cash. These cards are made out of plastic material and can be used for various financial transactions.
Why were credit cards invented?
Credit cards were made because banks wanted to keep up with credit as in owed money better.
Why credit cards are money?
Credit cards are not money, they are used to purchase things under a temporary loan, which can be repaid at a later time for a small fee charged by the credit card issuer.
Are USAA credit cards applicable to everyone?
No, you have to apply for most types of credit cards. The only credit cards that everyone can for sure get are the prepaid kinds from the store, you have to pay for cards and then load the money onto them.
How do you carry money in Oman?
cash, credit cards !
