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When you pay with a debit or ATM card, you are not borrowing money. You are spending your own money. When you pay with a credit card, you are always borrowing money. True. False.
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19 votes
When you pay with a debit or ATM card, you are not borrowing money. You are

spending your own money. When you pay with a credit card, you are always
borrowing money.
True.
False.

User PaulBarr
by
5.3k points

1 Answer

11 votes
This is true. Debit card payment is out of your own pocket, while Credit card debt is borrowed money that must be paid back later.
User Nicohvi
by
6.0k points
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