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Old 10-02-2009, 01:08 PM
Stephen Fabie Stephen Fabie is offline
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Join Date: Oct 2009
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Originally Posted by card View Post
Credit cards are not always the best financial solution. The difference between a credit card and a debit card is becoming less defined in the modern banking world. These days you can take out a loan on your debit card or use your credit card as a bank card by paying your limits off immediately. So really the difference is in how you are going to be charged. Some debit card and bank accounts offer interest rates that are lower than Credit Cards! so when shopping for a spending card be sure to examine all your options.


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As I've understood it Credit Cards are charged now and paid later (usually a month) while a Debit Card is just like an atm card where you have some available funds in it that you may use for shopping, thus charged and debited from your account at the same time. Using credit card is more risky than debit card usage.
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