Money

Credit Card vs. Debit Card: Similarities and Differences Explained

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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 you different protection against fraudulent purchases, separate types of rewards, and have different effects on your ability to borrow money in the future. Here’s what to consider before you decide which type of plastic to pull out of your wallet.

What Is a Debit Card?

When you make a purchase with a debit card, the money will be drawn from an account where you already

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