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View Full Version : What happens when you make a purchase using a credit card?


RedneckMomma1
May 15, 2012, 09:42 AM
What happens when you make a purchase using a credit card?
A. The credit card issuer pays the store.
B. the money is immediately deducted from your account.
C. The amount of the purchase is deducted from a prepaid account.
D. The place where you made the purchase receives the money within 24 hours.

Curlyben
May 15, 2012, 09:51 AM
What do YOU think ?

Fr_Chuck
May 15, 2012, 11:40 AM
Is there a fourth option, like all of the above or something else,

What type of creidt card, there are secured cards where there is a balance

Some credit card contracts with stores do pay the store within 24 hours, others do not.

Also terms, like deducted from account, not charged to account ?