Possibly not all credit cards. We have the same in Romania - a lot of credit cards come with the option to pay in interest free (few installments) or sometimes interest bearing (more installments) installments. Sometimes at participating retailers, sometimes you just click on something in the bank's site.
Your spending limit is reduced by the whole amount but those interest free installments can be useful. Esp when you get 12-24 for stuff like TVs or furniture.
Other than that option, they act like normal credit cards. Pay next month, minimum payment, huge interest if you don't pay them in full, can contest any transaction, yadda yadda.
Your spending limit is reduced by the whole amount but those interest free installments can be useful. Esp when you get 12-24 for stuff like TVs or furniture.
Other than that option, they act like normal credit cards. Pay next month, minimum payment, huge interest if you don't pay them in full, can contest any transaction, yadda yadda.