this post was submitted on 16 Jun 2025
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The "120 volt cable", assuming you mean NM-B aka Romex, is rated for up to 600 volts if you look at it closely. It is absolutely acceptable to use that wiring for a 240V circuit, as long as you wrap colored (not green) electrical tape around the white neutral wire to indicate it's another hot.
Yes, there are 3-conductor (plus ground) wires one can also use for switches and 240V circuits with neutral. That neutral can be used to have 120V and 240V together (your oven may use 240V coils, but the light bulb probably runs on 120). Doesn't mean you need to have it, if your 240V circuit doesn't need a neutral. My air compressor is just a motor that can run at 240, no neutral needed, and its outlet is wired up with the same kind of Romex used for a 120 right next to it (with black tape to indicate a second hot)