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Although many people treat them as such, no, credit cards are not considered to be money.

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βˆ™ 13y ago
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Q: Are credit cards considered to be money?
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Related questions

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.


Are credit cards allowed to be claimed in Bankruptsy?

Yes, credit cards are considered debt also.


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.


Is credit card and debit card considered as a cash?

No, credit cards are loans and debit cards are checks.


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 credit cards are considered?

unsecured debt


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.