GAO 08 558 Credit and Debit Cards Form

Instructions and help about GAO 08 558 Credit And Debit Cards

You may have heard of the terms debit card  and credit card before but do you know the   key differences between them and how they are used  to pay for goods and services well they both look   very similar and are mainly accepted everywhere  as a form of payment but they are in fact very   different let's start with credit cards a credit  card allows you to purchase goods and services on   credit in other words you're able to walk into  a shop purchase goods and services without any   money leaving your bank account or you're able to  do this because you are borrowing money from the   credit card provider and you'll have to pay all  of this back later as you are now technically   in debt but if you fail to pay in full and on  time your debt will increase because of the   additional fees and interest that will be added  to your account credit cards can be very useful   if you need to make a purchase but you don't  have enough money in the bank especially forÂ