Lines of credit and credit cards are two very similar types of financial products that help consumers, small business owners and even large corporations access borrowed funds on an as-needed basis. In order to help you better understand the differences that do exist between a line of credit and a credit card as well as the roles each can serve in your financial life and how to choose between them, we’ve compiled a complete comparison below.
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The IRS does indeed accept payment by plastic – a fact that leads many people to wonder about the viability of paying their taxes with a credit card.
There are various arguments to be made both in favor of and against such a strategy, and we’ll do our best to lay them out below.