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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: E-fund w/ Debt Balance Date:  8/28/2012  10:43 AM
Author:  Gingko100 Number:  305824 of 312954

Doesn't the available balance on a credit card serve the same function as available cash in a bank account, for emergency purposes?
Not really. The credit card company can lower it, change it, etc at their discretion. It is not guaranteed to be there if or when you need it.
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