alt Hacker NewsThere is also a major difference as I understand it. They need to be resolved at the end of a certain period. There is a legal difference from Credit cards as in there is no continual liability and thus no continued line of credit. Getting a true credit card is also a lot harder here (not France) than a deferred payment card (usually 1 month) and has stricter credit checks.
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Visa and MC have basicly all of these configurations, depending on country & legislation: - Direct Debit - Deffered Debit - Rolling Credit - Installment Credit
And if you are a $MegaBigCorp customer of them, you can customize even more.
It's more taboo to talk about revolving credit card than crack addiction for a french. I don't know a bank that offer them, even the shady online bank.
These are historically called “charge cards” in the US and are common for corporations who give employees “credit cards” for travel and the like.
American Express is big in this market - what looks like a normal Amex Business Platinum card can very well be a charge card that needs to be paid in full at the due date every month.
There are minor differences but the big one is no carried balance between months is allowed. Payment in full due each month.