Question

What are the similarities and differences between a debit card and a prepaid card?

Answer 1

Credit card

1.Borrow money to make purchases and repay it later

2.Can help build your credit history

3.Likely charged interest if you don't pay your bill in full every month by the due date

Debit card

1.Money deducted from your bank account to pay for purchases

2.Won't help build your credit history

3.No interest charges