A debit card uses funds from an attached account. After making a purchase, you can see the funds deducted from your account. By contrast, a credit card extends you a line of credit assigned to your card, which is a short-term loan to be repaid. Your monthly credit card bill keeps track of your purchases and allows you to repay these small loans over time or in full each month. While there are several differences between debit and credit cards,
©Copyright 2020 Avant, LLC.