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tetrep
on Aug 31, 2014
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Apple Working with American Express on iPhone 6 Mo...
it's credit if you don't pay it immediately. the lending institution is extending you a line of credit for one month.
superuser2
on Aug 31, 2014
[–]
True, but AFAK with Amex there is no "lending institution." You get the card from American Express itself and it does not involve a relationship with a bank.
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