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Credit card is the same old debit card with additional "automatic loan issuance on insufficient funds" service. With debit, your risk is limited to whatever is
by friendzis 9y ago
Credit card is the same old debit card with additional "automatic loan issuance on insufficient funds" service. With debit, your risk is limited to whatever is in the account associated with the card. With credit it is the same risk plus your credit.
- closeparen 9y agoYour funds are not really at risk of permanent loss in either case. The difference is what happens in the short term. Also it’s not true at all that debit card losses are limited to your balance. Banks will approve transactions that put you well into negative balance and charge overdraft fees.