Are debit and credit cards similar?

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1131515

2026-03-25 18:35

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Yes - and no. They both allow you ro make purchases without actually handing over any money at the time the transaction occurs

  • but... A CREDIT card - allows you to make purchases up to the

agreed credit limit on your account. A DEBIT card - only allows you to make purchases IF there is sufficient money in your bank account to pay for the purchase immediately (a kind of electronic cash).

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