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homeboi808 t1_j2ai3z6 wrote

Reply to comment by CFDietCoke in ELI5: How do loans and credit cards work by idkmybffdee

> All credit cards are backed by a bank. Look at your credit card, it will say something like "Issued by XYZ bank" on the back somewhere

I have a Capital One card, it says nothing about being issued by bank. Are you not simply talking about debit cards?

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CFDietCoke t1_j2aigxt wrote

Capital One is a bank (technically a "bank holding company")

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