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In two or more complete sentences, compare and contrast making a purchase with a debit card versus making a purchase with a credit card.
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36 votes
36 votes
In two or more complete sentences, compare and contrast making a purchase with a debit card versus making a purchase with a credit card.

User Mourad
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2 Answers

20 votes
20 votes

Answer:

The difference between a credit card and a debit card is that when using a credit card, you are borrowing money from the bank. The money does not belong to you and using the credit card will put you in dept, whereas, with a debit card, you are using your own money from your bank account.

In short, credit cards allow you to borrow money while debit cards allow you to access money that is your own.

User Michael Ambrus
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3.6k points
12 votes
12 votes

Answer:

When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.

Step-by-step explanation:

When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.

User OkonX
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