Debit
Money taken
directly from account
Can be declined if over the spending limit
No Interest
Credit
Money is
borrowed and
repaid later
Extra perks, and rewards
May require interest
Credit Score
Mismanagement can create unnecessary debt.
Emergency situations
Convinient
Secure
Late Fees
Replaces Cash
Fraud Protection
Difference between Debit and Credit cards
(author: Joshua Austin)
