Another thing to remember is that if you use your debit card and its stolen via a skimmer, they get YOUR money. If a credit card is skimmed, that steals the BANKS money and they will definitely get to the bottom of it.
So Credit card: you borrow money from the bank & have to pay it back by the end of the month. If you dont (pay it back by the end of the month) , you'll be charged extra with what you owned them. Debit card: youre using your own money, not the banks money, so therefore, you wont be in any depth. & if you dont have enough money on your bank acc, your card will be declined & you'll have to pay with cash. My questions: How do i pay my depht? Can i pay in my depth after a week instead of by the end of the month?
Great question but this differs from bank to bank, so you would to check the terms and conditions of you bank. Also you can get into debt with a debit card if you have an overdraft etc. just be aware of this.
Good question, however there is no general answer as each provider has different payment deadlines and fees etc. some may offer 30 days whilst others might offer 18 months. You need to check with each provider specifically 👍
Thank you for making this clear for me!
Glad it was helpful!
Another thing to remember is that if you use your debit card and its stolen via a skimmer, they get YOUR money. If a credit card is skimmed, that steals the BANKS money and they will definitely get to the bottom of it.
Great point. Thanks for sharing 👍
Fabulous explanation thank u soo much😄.....
Really pleased it was useful 👍
Thanks
You're welcome, hope it helped.
Thanks for the help! Quick question: What exactly is a credit score?
This is so useful
Glad we could help!
Thanks for sharing this. It helped me ❤❤
You’re welcome 😊
Thank you
You're welcome 😁
So
Credit card: you borrow money from the bank & have to pay it back by the end of the month. If you dont (pay it back by the end of the month) , you'll be charged extra with what you owned them.
Debit card: youre using your own money, not the banks money, so therefore, you wont be in any depth. & if you dont have enough money on your bank acc, your card will be declined & you'll have to pay with cash.
My questions:
How do i pay my depht?
Can i pay in my depth after a week instead of by the end of the month?
Great question but this differs from bank to bank, so you would to check the terms and conditions of you bank. Also you can get into debt with a debit card if you have an overdraft etc. just be aware of this.
Wait so you saying that credit cards are better secure than debit cards
They have different protections built into them, yes 👍
pls whats the time limit to pay off your debt on your credit card
Good question, however there is no general answer as each provider has different payment deadlines and fees etc. some may offer 30 days whilst others might offer 18 months. You need to check with each provider specifically 👍
This is for paying with credit card.
Ok.