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IIRC, early credit cards weren’t tied to a pre-paid account, but you were generally required to pay the balance every month.
by KerrAvon 4y ago
IIRC, early credit cards weren’t tied to a pre-paid account, but you were generally required to pay the balance every month.
- yardie 4y agoThose were called charge cards [0]. When I was younger I didn't know the difference and thought everything was a credit card. Imagine my surprise when I bought my university books on my AMEX charge card and got a bill for the full amount due in 30 days. It was a terrifying lesson. They also had low or no credit score limits so a bunch of college friend were surprised when we applied and got a card just being 18, no income, and no credit history. [0] https://en.wikipedia.org/wiki/Charge_card https://en.wikipedia.org/wiki/Charge_card