Exploring the World of Credit Cards

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<p>At least the minimum payment must be made every month by the due date on the balance.</p> Signup and view all the answers

<p>Credit cards offer a line of credit for purchases, balance transfers, and cash advances, requiring repayment with interest, while debit cards allow direct withdrawal from a checking account without incurring interest charges.</p> Signup and view all the answers

<p>Interest charges are applied from the date of the transaction for balance transfers and cash advances.</p> Signup and view all the answers

<p>Credit card transactions involve a loan amount with interest charges, while debit card transactions withdraw directly from the checking account without incurring interest.</p> Signup and view all the answers

<p>One must ensure not to charge more money than available in the checking account when using a debit card.</p> Signup and view all the answers