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Middlemunday

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Why are payments that are 12mos same as cash, no interest considered credit card debt?
Have 2 accts that are same as cash purchases with payments spread out over certain periods. I have using one of them for years and have never been charged interest. Why are they listed as credit cards?

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Because, while you may be reliable in getting them paid in full before the expiration of the "same as cash " clause, many do not, so incur interest on the account.  Credit cards ARE basically a short-term loan, as are these interest free (?) "same as cash" financing arrangements.  The question mark is on  "interest free" because many of these stores have already calculated interest into the price of the item before selling.  That's why shopping around to find the best price is a very smart move.

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