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What is a single-purpose credit card?

credit card single-purpose
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What is a single-purpose credit card?

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Single-purpose credit cards are issued by a specific company and honored only by that company and its affiliates. Department stores are the biggest issuers of single-purpose cards, but some hotels, airlines and even telephone companies issue them too. They are sometimes easier to obtain that broad-use credit cards, in part because retailers are anxious for your return business.

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