3 ms·
it's credit if you don't pay it immediately. the lending institution is extending you a line of credit for one month.
by tetrep 12y ago
it's credit if you don't pay it immediately. the lending institution is extending you a line of credit for one month.
- superuser2 12y agoTrue, but AFAK with Amex there is no "lending institution." You get the card from American Express itself and it does not involve a relationship with a bank.