While choosing to swipe your debit card or credit card may seem arbitrary, there are significant differences in how they work, their benefits and their potential drawbacks. Knowing what happens “under ...

Credit cards and debit cards look almost exactly alike but are actually quite different. Money you spend or withdraw using a debit card comes straight out of your bank account – you’re spending your ...

Differentiate between a checking account and a debit card. Learn how each works, their pros and cons, and when you need them for money management.

There are huge differences between swiping a debit card and swiping a credit card. And these differences go far beyond whether or not you’re racking up credit card debt. Debit and credit cards give ...

Debit cards let you pay for things with money in your bank account, while credit cards pay with a line of credit. A debit ...

When it comes to managing your finances, the type of card you use can say a lot about your habits and priorities. One of my colleagues at MoneySmart, for example, doesn’t own a single credit card—he ...

When you break out your plastic payment at checkout, generally the cashier or online payment portal makes no distinction between a credit card, a debit card or a prepaid debit card. All three carry a ...

According to a 2021 Greenlight study, 32% of teens couldn’t distinguish between a credit card and a debit card. While these cards seem alike, they’re quite different. If your child doesn’t know this ...

They may look the same, but they don't always work the same Katie Miller is a consumer financial services expert. She worked for almost two decades as an executive, leading multi-billion dollar ...