Credit cards and debit cards look almost exactly alike but are actually quite different. Money you spend or withdraw using a debit card comes straight out of your bank account – you’re spending your ...

While choosing to swipe your debit card or credit card may seem arbitrary, there are significant differences in how they work, their benefits and their potential drawbacks. Knowing what happens “under ...

A debit card spends money that's in your bank account, while a credit card spends borrowed money, up to a limit. Many or all of the products on this page are from partners who compensate us when you ...

When you break out your plastic payment at checkout, generally the cashier or online payment portal makes no distinction between a credit card, a debit card or a prepaid debit card. All three carry a ...

According to a 2021 Greenlight study, 32% of teens couldn’t distinguish between a credit card and a debit card. While these cards seem alike, they’re quite different. If your child doesn’t know this ...

Brett Surbey is a corporate paralegal and writer based out of Alberta. His work has appeared in Publishers Weekly, Thrive Insider, and various academic journals. He lives with his wife and two ...

When you hold a checking account with a bank or credit union, you will likely be issued a debit card. This card allows you to make secure and instant purchases in-store or online using money from your ...

Though they’re both made of plastic and can be used for payments, credit cards and debit cards have a number of important differences — which can make a big difference for your finances. Dawn Lyons, a ...