What is the difference between a debt card and a credit card ?

Posts: 10
Joined: 2007-05-16

What is the difference between a debt card and a credit card ?




Posts: 69
Joined: 2007-05-11
Re: What is the difference between a debt card and a credit card

A debt card is one issued by your bank and purchases are deducted from your checking account. They work as a check without having to write it out. A credit card is one you charge purchases and then receive a monthly statement with a minimum monthly payment. You are also charged interest where as a debt card is free.



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