having a hard time understanding credits and debits

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12-09-2018
Business

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having a hard time understanding credits and debits

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MerakiAlien MerakiAlien · Answer 1 · 2018-09-12T04:15:33+02:00

MerakiAlien MerakiAlien

12-09-2018

When a consumer is using a debit card it is coming directly from their bank account. As for credit it, it is charged to a line of credit (ex. money from the bank) that you will be charged for later.

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ArielaAriela ArielaAriela · Answer 2 · 2018-09-12T04:16:32+02:00

ArielaAriela ArielaAriela

12-09-2018

Debit Card = Money that you already had in your bank account.

Credit Card = Money borrowed from the bank. You have to pay the fixed rate of the interest by a deadline.

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