Credit Cards vs. Debit Cards

It scares me in the year 2014 people don’t know the difference between a credit card and a debit card.  These and a debit card.  These two are quite different, one is attached to credit line (loan/not your money) and one is attached to your money, your actual liquid funds.

Credit Cards – the consumer has to apply for through a bank and have their credit ran to determine elegibility.

Debit Cards – the consumer applies for a checking account that holds the money and the debit card is linked to the checking account to make purchases.

A debit card can not be a credit card and vice versa.

Making a credit purchase on a debit card refers to make the transaction through the visa/master card network instead of directly to the


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