Question

*DO NOT ANSWER IF YOU DONT KNOW THE CORRECT ANSWER*

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True or false? A debit card is similar to a credit card because both are used a a method of buy now, pay now

Answer 1

The answer would be FALSE because a debit card is totally different from a credit card. A debit card is a card with YOUR own personal money on it, while a credit card is the BANK'S MONEY, (NOT YOURS) so u can yes spend money on a credit card, but u have to pay the bank a fee to just use their card and spend money on it, so credits cards should be used wisely and only for emergencies.

Answer 2

False, a credit card is a method of buy now, pay later

hope this helps

(that is why you have credit score, and they want interest rates, so that they can get more money off of you. Think of Credit cards as a smaller loan)