I credit card makes a list of purchases that you then pay off at the end of the year. A debit card withdraws money strait form you account. Both of them are plastic and with using both people tend to spend more money. Adam
Credit Card: Always borrowing money then paying it back. Usually keeps you in debt. Debit Card: Comes directly from the checking account, it's limited to what money you have right now. Both are small plastic cards that are used to spend money. They are usually used to spend more money because it is less painful than cash.
Credit: borrowing money, paying off monthly, or pay interest/fines on late payments. Debit: using money you already have, withdrawn from your checking account. Both: easy to use, increases spending, portable plastic card.
Similarities: Both are made out of plastic. They both replace cash in your wallet. Easy to use. Both cause more spending than if one was to use cash.
Differences: 1. Debit: withdrawn from checking; credit is paid off monthly. 2. Debit: money that you have NOW; credit uses money you might or might not have. 3. Debit: not any late fees or interest (provided you really had the money); credit has interest and late fees.
Similarities: 1. Both cards make it easier to spend money which could be good or bad, depending on the person and the situation. 2. They both allow you to make purchases without having cash. Differences: 1. Credit cards put you in a position where you owe what you've spent back to your credit company, while debit cards use money that you already have. 2. With credit cards, people often go into debt because they spend so much and then don't pay it back so they also are then charged interest and late fees and penalties, but because debit cards only use your money that's already in the bank, that's never an issue.
Credit Cards - You spend the money and pay it off at the end of the month. Debit Cards - You spend the money by withdrawing it from your checking account. Both Cards - They both end up getting a lot of people in debt, they are both plastic, and are very easy to carry around.
Credit cards - you spend money and pay it off at the end of the month. Debit cards - each time you swipe the card the money is automatically taken from your checking account. Both cards - plastic cards, easy to use, and less painful.
Credit cards = spending money and paying it off at the end of the month. Debit cards = each time you swipe your card, the money is taken automatically from your account. Both cards - plastic cards, easy to use, and as Dave said, less painful.
They are both plastic cards that help you pay for things "easier." With a debit card the money is taken right out of your account. With a credit card you pay it off monthly.
credit cards and debit cards are similar because they are both plastic. they are different because a credit card lets you sepnd money and then you have to pay it back later, a debit card takes the money that you spend with it straight out of you bank account.
Credit Cards and Debit cards are both plastic cards, usually used for food, shopping and such. But when you use a credit card you automatically owe money, whereas when you use a debit card it's money you've already saved in an account.
I credit card makes a list of purchases that you then pay off at the end of the year. A debit card withdraws money strait form you account. Both of them are plastic and with using both people tend to spend more money.
ReplyDeleteAdam
credit card: you borrow money from the company to buy things and pay them back
ReplyDeletedebit card: you buy things with your own money that you already had in you bank account
both: just a swipe so you don't feel as much pain as buying with cash and you usually spend more
travis
Credit Card: Always borrowing money then paying it back. Usually keeps you in debt.
ReplyDeleteDebit Card: Comes directly from the checking account, it's limited to what money you have right now.
Both are small plastic cards that are used to spend money. They are usually used to spend more money because it is less painful than cash.
Autumn
Credit: borrowing money, paying off monthly, or pay interest/fines on late payments.
ReplyDeleteDebit: using money you already have, withdrawn from your checking account.
Both: easy to use, increases spending, portable plastic card.
Similarities: Both are made out of plastic. They both replace cash in your wallet. Easy to use. Both cause more spending than if one was to use cash.
ReplyDeleteDifferences: 1. Debit: withdrawn from checking; credit is paid off monthly.
2. Debit: money that you have NOW; credit uses money you might or
might not have.
3. Debit: not any late fees or interest (provided you really had the
money); credit has interest and late fees.
Similarities:
ReplyDelete1. Both cards make it easier to spend money which could be good or bad, depending on the person and the situation.
2. They both allow you to make purchases without having cash.
Differences:
1. Credit cards put you in a position where you owe what you've spent back to your credit company, while debit cards use money that you already have.
2. With credit cards, people often go into debt because they spend so much and then don't pay it back so they also are then charged interest and late fees and penalties, but because debit cards only use your money that's already in the bank, that's never an issue.
Credit Cards - You spend the money and pay it off at the end of the month.
ReplyDeleteDebit Cards - You spend the money by withdrawing it from your checking account.
Both Cards - They both end up getting a lot of people in debt, they are both plastic, and are very easy to carry around.
Credit cards - you spend money and pay it off at the end of the month.
ReplyDeleteDebit cards - each time you swipe the card the money is automatically taken from your checking account.
Both cards - plastic cards, easy to use, and less painful.
Credit cards = spending money and paying it off at the end of the month.
ReplyDeleteDebit cards = each time you swipe your card, the money is taken automatically from your account.
Both cards - plastic cards, easy to use, and as Dave said, less painful.
They are both plastic cards that help you pay for things "easier." With a debit card the money is taken right out of your account. With a credit card you pay it off monthly.
ReplyDeleteeyezik
credit cards and debit cards are similar because they are both plastic. they are different because a credit card lets you sepnd money and then you have to pay it back later, a debit card takes the money that you spend with it straight out of you bank account.
ReplyDeleteCredit Cards and Debit cards are both plastic cards, usually used for food, shopping and such. But when you use a credit card you automatically owe money, whereas when you use a debit card it's money you've already saved in an account.
ReplyDeleteCan't explain it any better guys!
ReplyDelete