For Credit Card When I Use It Are They Gonna Send Me The Bill For How Much I Spent And I Have To Pay For What I Use? Or They Just Going To Charge Me From My Account?
2007-01-24 13:17:30 · 5 answers · asked by No.1 2 in Business & Finance ➔ Credit
When you use a debit card, it comes strait out of you checking account. There is no bill, you have already paid. With a credit card, you buy now, you pay later. If you are going to make a big ticket purchase, have something shipped to you, by electronics or rent a car, its better to use credit because of the protections that are built in. Also, if you’re worried about fraud, if someone steals your credit card, you’re only liable for the first 50 dollars stolen by law, and 99% of credit card companies will wave it. A lot of debit cards don’t have that protection. with a credit card you must pay at least the minimum amount due (pay it off if you can) and you must pay it like any other bill
2007-01-24 18:05:42 · answer #1 · answered by Jen 5 · 0⤊ 0⤋
With a credit card there are interest rates and late payment fees but they have a minimum balance you can pay so no you dont have to pay the entire amount of what you buy every bill cycle with a credit card it usually takes a couple of days to go through. With a debit card the money is coming from your bank account the money is subtracted as soon as you make a purchase just make sure to keep up with your balance dont use money that you dont have because they will charge you over daft fees $20-30 in my opinion neither are safer jsut dont write your card number or pin number anywhere just memorize it and dont tell it to anyone.
2007-01-24 13:30:14 · answer #2 · answered by Ms. Princess 2 · 0⤊ 0⤋
A debit card works like a credit card but with your own money.If you have the money in the account it comes out of that.The charge for mine is only 5 dollars a month and that is cheaper than any interest on a regular credit card.
2007-01-24 13:26:17 · answer #3 · answered by Jim C 6 · 0⤊ 0⤋
The safer thing to use for online transactions would be a prepaid gift card with a major logo.
2007-01-24 13:53:27 · answer #4 · answered by Mariposa 7 · 0⤊ 0⤋
yes credit card is all about your credit if you have low credit your credit card wont have that much cash but yes credit cards do affect your credit alot!....debt is safer
2007-01-24 13:22:33 · answer #5 · answered by Anonymous · 0⤊ 0⤋