Jim Charter wrote:
> Yeah I guess. But that's the reason? Since it's called a credit card
> account I can't keep a positive balance as a buffer?
That would defeat the point of it. As a "credit" card, it's a line of
credit to you. That is, a loan for you to access. What you're trying
to do is make payments on money you haven't borrowed yet.
Sounds to me like you'd be just fine with a debit card. Rather than
drawing against a line of credit (and thus increasing your debt every
time you use it), a debit card draws against the balance in a checking
account (reducing your capital instead).
...Chambers
Post a reply to this message
|