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A "credit" card is a credit card.
A prepaid credit card (secured) is not tied to a bank account and therefore while, like a debit card, you can only spend to the amount it has been loaded with (it will not provide credit), it is not a true debit card which IS linked into a bank account.
What else can I help you with?
What is different between capital one credit and debit cards?
Capital One is just the company that offers the card service. The real difference between the two is basically what defines a credit card from a debit card. A credit card purchases on credit, which appears as a bill at the end of an agreed time period (usually the end of the month) But a Debit Card is one that is connected directly to a bank account, which means money is drawn directly. Think of a credit card as an IOU and a debit card as direct cash transfer.
What does it mean if a credit card says prefered customer in place of a name?
It means it is not a real credit card. It is a temporary pre paid card bought from a retail store. It says preferred customer because it is not the permeant card, after you register with the company of the prepaid card they will send you a personalized card with you name on it, it will be a Visa or MasterCard Prepaid card. It is similar to a debit card but you pay in advance it is not a credit card. Save
Can you get credit cards after filing Chapter 13?
Credit cards after a bankruptcyOne can get a credit card after bankruptcy but I believe it has to be a "secured" credit card as opposed to an unsecured one. You will also have to be aware of secured credit card scams. There are compaines out there who know people are in unfavorable financial situations and will take advantage.Defintions of secured credit card I found on Google are:1.A credit card obtained by opening up a savings account with a bank offering this program. The bank will issue a major credit card and secure it with a deposit2.A credit card backed by collateral, usually cash in the form of a bank deposit account.3.A consumer uses savings or cash deposit to guarantee the credit card or loan; the limit of credit is based on the amount of deposit available.4.A credit card secured by a savings account that has been established in advance by the borrower. The amount in the account usually determines the limit on the credit card. These accounts present no real risk factor for creditors and are therefore much easier to obtain.--------------Yes you can, after all they issue Credit cards to Dogs and Dead people all the time... Odds are you'll have to get a secured Credit Card, where you are effectively borrowing your own money.My question is why would you get another Credit Card after going through Bankruptcy? Borrowing money hasn't been a blessing to you so far. If you continue down the same path you will continue to get the same results.-Goose--------------------------------------------------------------------------------------------Goose you dont know his situation so shut the trap ..Yes you can get a secured card thet is the begining of a fresh start, make payments on time and little by little they will offer you more credit, once it goes unsecured you can stop the credit increased at any time like lets say $ 200 dollars and use it for car rentals etc good luck to you !
What are the advantages of debit cards over credit cards?
A debit card is limited to the amount of money you actually have in an account, so it is difficult to overdraw on one. With a credit card, you are using a bank's money on credit, while with a debit card you are spending money you already have. With debit cards, you do not get any "rewards" (benefits that the credit card company gives you in return for origination fees they charge places that take their cards). However, you also do not face any interest on unpaid balances. You can also still take out too much and get your account into negative. Perhaps the only real advantage is that if you log into your debit account everyday, you can see your balance with all your purchases. Credit cards can take days to post your purchases and may not give you a correct balance. Debit cards are just like cash, since they are usually linked directly to your bank account. However unlike cash, if you withdraw too much, you will definitely incur overdraft fees and such.
Is a Line of Credit a secured loan?
Some are secured, some are not. A Home Equity Line of Credit is secured by real estate (a residence or property) A business line of credit may be secured by a stake in the business or lien against equipment or inventory. Business lines may also be unsecured. Personal or "signature" credit lines are unsecured.
What is different between capital one credit and debit cards?
Capital One is just the company that offers the card service. The real difference between the two is basically what defines a credit card from a debit card. A credit card purchases on credit, which appears as a bill at the end of an agreed time period (usually the end of the month) But a Debit Card is one that is connected directly to a bank account, which means money is drawn directly. Think of a credit card as an IOU and a debit card as direct cash transfer.
Can a non US citizen apply for US Credit Card?
Yes you can get a credit card. Start with a secured credit card, then get a store card. Pay them off on time over 6 months and then apply for a real credit card. You'll get one if you pay it off every month.
What are the rules of debit and credit for assets?
There are three rules for recording transactions: Personal account Debit the receiver. Credit the giver. Real account Debit what comes in. Credit what goes out. Nominal account Debit all expenses.There are three Golden Rules for Debit & Credit, whole accounting is depend on these three rules :- 1. Debit what comes in & Credit what goes out. 2. Debit the receiver & Credit the..Because to make the things debit on debit side and credit on credit side, for that purpose its important to memorize the debit and credit rule.
What are the rules in debit and credit?
There are three rules for recording transactions: Personal account Debit the receiver. Credit the giver. Real account Debit what comes in. Credit what goes out. Nominal account Debit all expenses and loses. Credit all income and gains.
What is the formula of real account?
Debit what comes in Credit what goes out
What does it mean if a credit card says prefered customer in place of a name?
It means it is not a real credit card. It is a temporary pre paid card bought from a retail store. It says preferred customer because it is not the permeant card, after you register with the company of the prepaid card they will send you a personalized card with you name on it, it will be a Visa or MasterCard Prepaid card. It is similar to a debit card but you pay in advance it is not a credit card. Save
What is the real meaning of credit and debit?
"Credit" and "Debit" are accounting terms. In short, a credit is an addition to the account in question while a debit is a withdrawl or transfer. Depending on the specific use of each there can be a bit more detail.
Golden rules of accounts?
Real Account - Debit what comes in Credit what goes out. Nominal Account - Debit all expenses and losses Credit all incomes and gains. Personal Account - Debit the receiver Credit the giver.
Accounting equation and rules of debit and credit?
Accounting equation: Owner's Equity=Total Equity + Revenue - Expense - Equity of creditors Rules of Debit and Credit: Personal account: Debit the receiver. Credit the giver. Real account: Debit what comes in. Credit what goes out. Nominal account: Debit all expenses and loses. Credit all income and gains.
How can you add your credit cards to Passbook in iOS6?
BillGuard for Passbook is now integrated with Apple's Passbook, offering consumers a secure way to get on-the-go notifications of all their credit and debit card transactions in one place. Specifically, BillGuard for Passbook brings your credit/debit card transactions and balances to Passbook and notifies users of any questionable transactions via real-time alerts.
What are the three accounts and its principles?
1- Real Account = Debit what comes in, credit what goes out2- Personal Account = Debit the giver and credit the reciever3- Nominal Account = Debit all expenses and payment and credit all incomes.
How does people can use cell phones to keep themselves safe?
you can get a prepayed cell phone which does not require you to give your real full name or a credit/debit card to activate it
