Cashback vs Points: Which is Better for You?
Complete comparison between cashback cards and points system cards.
What's the difference between a credit card and a debit card?
While both cards can be used for purchases, they work very differently:
Credit Card:
- Borrows money from the card issuer
- Builds credit history
- Charges interest if balance isn't paid in full
- Often offers rewards and protections
- Can lead to debt if mismanaged
Debit Card:
- Uses money directly from your bank account
- No credit building
- No interest charges
- Limited rewards
- Less fraud protection than credit cards
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