Credit card: Difference between revisions
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A '''credit card''' allows people to purchase while paying later. | A '''credit card''' allows people to purchase while paying later. | ||
In a way credit cards are also a way to loan money on a low or zero interest base. | In a way credit cards are also a way to [[loan]] money on a low or zero interest base. | ||
In the past it was possible to exploit this feature to make money by taking the maximum amount for as long as possible on a zero interest base on a saving account. | In the past it was possible to exploit this feature to make money by taking the maximum amount for as long as possible on a zero interest base on a saving account. | ||
Revision as of 11:58, 30 August 2013
A credit card allows people to purchase while paying later.
In a way credit cards are also a way to loan money on a low or zero interest base. In the past it was possible to exploit this feature to make money by taking the maximum amount for as long as possible on a zero interest base on a saving account.
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