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Credit Or Debit Card|Clear Up The Confusion That Affect Your Budget

Credit Or Debit Card

All the plastic in your wallet is not the same because most are credit cards and at least one is a debit card, even though these cards look alike, learn how the differences between them affect your homestead budgeting and cash flow. A debit card deducts money directly from your checking account, just like withdrawing cash or writing a check. You do not pay interest because you are accessing your own money. On the other hand, a credit card accesses a line of credit issued by a bank. Cardholders are given a period of time to pay off the purchase amount. If you do not pay in full by the end of this period, you will be charged interest. Each type of card has certain advantages and disadvantages you should consider carefully. Choose A Debit Card For Convenience The following benefits for a bank debit card are: Budgeting. You’re more…

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