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

CHeckout new gold rate today