2007-09-12 05:08:01 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
Well charge card is pretty much the same as a credit card. A lot of places take credit cards. Not all places take debit cards. With credit cards you have better billing error dispute rights. With debit cards you don't have to worry about finance charges, interest rates, etc. After all, it's your money. And when you're spending your money, it makes you think twice about going overboard with spending.
2007-09-12 05:59:07 · answer #1 · answered by mz_neemarie 4 · 0⤊ 0⤋
Charge card usually refers to a store credit card. The interest rates are high and the card is only good for that one store. Not much advantage.
Debit card pulls money directly out of your bank account. If there's an error, you can get your money back but it can cause all sorts of NSF fees and embarrassment of checks bouncing.
Credit cards have better dispute systems since there's no money out of your pocket. Reward credit cards pay you for using the cards. Credit cards do charge interest, but if you pay in full every month, you don't pay interest. Credit card statements come in handy for financial records -- like income tax.
2007-09-12 06:13:25 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋
Advantage Means: Easy ro carry wen compared to cash
Disadvantage: Interest Rate
Just take look at the below link to get more ideas regarding credit cards
2007-09-12 05:13:18 · answer #3 · answered by raj k 2 · 0⤊ 0⤋