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Monday, November 10, 2008

What is the difference between credit card and bill

1. Credit card is a commodity, is a special financial product, which use the money to buy, but the bill is not commoditie;

2. Bills as a means of payment, in a role to play, subject to time and space, limit the amount and beneficiaries of a certain period of time specified by the beneficiary to determine in advance of any case where an instrument by the amount paid to. The credit card abandon the limitations of the instruments it bills as not only has a one-time use, but can be used many times, in different places and different businesses to pay many times that amount is not fixed, the beneficiary can be Many different people, it notes the significant features of the development;

3. Bills of credit as a tool to pay only when they serve a useful purpose is not only a credit card payment, clearing tools, but also the role of consumer credit, any instrument, do not have the Currency and bill.

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