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Credit Card Vs Debit Card: What’s The Difference
Manage episode 376808635 series 3495312
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Credit cards allow you to borrow money from a bank up to a credit limit, while debit cards deduct funds directly from your bank account. Credit cards offer benefits like building credit and rewards but can lead to debt and interest charges. Debit cards prevent overspending but lack credit-building opportunities and rewards. Choose based on your financial goals and spending habits.
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