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No a credit card is a line of credit so a more positive number is more debt you owe. Spending from it increases the balance. A savings account goes the other w
by xupybd 6y ago
No a credit card is a line of credit so a more positive number is more debt you owe. Spending from it increases the balance.
A savings account goes the other way.
I don't know why but it's an accounting convention.
Sometimes I think those conventions just exist to confuse people into needing an accountant.