'Transaction Declined': Credit Card Companies Reportedly Blocking Firearm Purchases

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[–]MightyMorphinFaggot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Are credit cards the same as debit cards in america?

[–]Anman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

In most countries in makes no difference. Both cards are run by the same banks. Money handlers. The biggest being Visa, Mastercard, and American Express. Debit card just means your card wont work if there is no funds in the account. Credit means you can draw funds until you hit your limit. That's the only difference.

[–]MightyMorphinFaggot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Credit cards are flexible loans. Debit cards is your own numbers. There is a difference.

[–]Anman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Are you sure? You know you can have positive credit on your credit account and negative credit on your savings account? To the bank and the card companies there is no difference. The systems are identical. The difference is only the max negative and max positive that they will allow you to go into.

Further, you own none of it. It is not your money. It is the banks money. When you give your money to a bank, you are handing ownership of it over to them. The bank now owes you money. But your money is gone. You want to keep your money at the bank without handing ownership over, you need a bank safe.