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Personal Finances / Credit Cards and Consumer Debt

URL:  https://boards.fool.com/was-it-a-credit-card-or-a-charge-card-charge-25528046.aspx

Subject:  Re: Charge your mortgage payment! Date:  5/25/2007  8:42 AM
Author:  Minxie Number:  253540 of 313061

Was it a credit card or a charge card?

Charge cards are required to be paid in full each month, so missing a payment would tend to invoke shutting down the card.


It was a credit card. It was turned off because he missed a payment, not because he was carrying a balance.

Minxie
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