Question
Compare credit card vs debit card?
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11th Dec 2009 by JonB
A credit card is a revolving account in which you are lent money and make payments, with interest, on the money you have borrowed every month. A debit card is simply a tool for using money you have in a checking account. It is not borrowed money. Debit cards are useful because they can be used anywhere credit cards can be used, so if you don't have credit cards yo don't have to carry around a lot of cash.
A credit card is a revolving account in which you are lent money and make payments, with interest, on the money you have borrowed every month. A debit card is simply a tool for using money you have in a checking account. It is not borrowed money. Debit cards are useful because they can be used anywhere credit cards can be used, so if you don't have credit cards yo don't have to carry around a lot of cash.
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10th Dec 2009 In Finance
1 Answers | 91 Views
Subjects: credit card,
debit card,