Contractless credit cards?

Member

I saw something on CNBC about there being contractless credit cards and I have never heard of such a think until seeing that on TV. I caught the tail end of what they were talking about but I am interested in what these are and how they work. Anyone here know?

Facebook Twitter LinkedIn Telegram Whatsapp Pocket
May 10, 2020 8:48 PM

Member

They are still new in the US so there aren't many options out there but from what I read, they work similar to a debit card. I guess you will be tied in with them through your bank so if you fail to pay them back, they can take the money. I feel like this is a bit fishy and I don't trust them. I need a contract to read over.

May 17, 2020 8:29 PM