A lender can use a credit card in various different ways. They lender can issue the credit card and make money from the interest. The lender can also take credit card payments from the borrower.
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You can usually open an online account at the lender's website and make arrangements to pay by a credit card. For more information contact your particular lender.
Available credit is the maximum amount your lender will let you use in total. Available cash is the amount your lender will let you use as a cash advance (e.g. pulling money from an ATM, not used for a purchase) and is usually a portion of the overall available credit.
This varies by lender. The withdrawal limits are not set by Mastercard, but rather the actual lender for the card. To find out your limit, contact your credit card issuer.
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Yes. When applying for a store card (or a credit card), the signature on your application implies agreement to the contract between you and the lender if the decision to extend you credit is made. Also, if you use the card, there is language in the Terms and Conditions section (fine print, the contract) which states that your use of the card implies you will accept the contract.