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Really hard to underestimate how bad and old the doublespeak is. You ever thought about how a credit card is a debt card? Whereas, it's the debit card that ac
by jrm4 4y ago
Really hard to underestimate how bad and old the doublespeak is.
You ever thought about how a credit card is a debt card?
Whereas, it's the debit card that actually spends your credits?
- ffggffggj 4y agoCredit cards create credits (a liability). Debit cards create debits (a nearly immediate transfer from your account). Seems accurate enough to me although I can see how debt and debit could be confused.
- jrm4 4y agoBut no: When your account is credited, that means you gain money. That's the definition of "credit." So yes, you are creating credits for the credit card company, against you. What you are gaining is debt/liability. Which why it's weird for it to be "your" credit card. If I have a Chuck E. Cheese game token card, that doesn't mean I owe Chuck E. Cheese tokens.
- throwaheyy 4y agoNo. “Debit” isn’t “debt”. A credit card offers you credit. credit: noun An arrangement for deferred payment of a loan or purchase.
- hexane360 4y agoA 'debit card' is one where funds are debited from your account. A 'credit card' is one where you're buying on credit.