Money Matters: The Pros and Cons of Debit Cards vs Credit Card
Debit cards are linked to your bank account, while credit cards are a form of borrowing money.
1
Debit cards have lower fees than credit cards, making them a cheaper option for transactions.
2
Credit cards often offer rewards and cashback programs, while debit cards do not.
3
Credit cards can help build your credit score, while debit cards do not affect your credit score.
4
Debit cards have a daily limit on how much you can spend, while credit cards typically have a higher limit.
5
Credit card companies charge interest on unpaid balances, making them a more expensive option if not paid in full each month.
6
Debit cards do not require a credit check, while credit cards do.
7
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