4 ms·
There's an important difference here: bank accounts are not credit. If my card is stolen and charges are racked up, I'm no poorer until the fraud is detected an
by bastawhiz 4y ago
There's an important difference here: bank accounts are not credit. If my card is stolen and charges are racked up, I'm no poorer until the fraud is detected and resolved. You don't spend cash when you use a credit card, you spend credit. There isn't a legal remedy for this.
- ClumsyPilot 4y agoSo a credit card is doable, but a credit account is beyong the capabilities of human civilisation. Its like breaking the light barrier
- sgerenser 4y agoWhat would the difference be between this hypothetical “credit account” with payment card attached to it and a credit card?
- imtringued 4y agoCredit cards are effectively a second bank account in the former and in the latter "credit card" and bank account are merged as one.