credit cards are different from debit cards because
Credit cards and debit cards are two different types of payment cards. Here are the main differences between them:
1. Ownership of funds: Debit cards are linked to a checking or savings account, which means that you can only spend what you have in your account. Credit cards, on the other hand, provide you with a line of credit that you can use to make purchases, even if you don't have the funds available.
2. Interest and fees: When you use your debit card, you don't have to pay any interest or fees as long as you have enough money in your account. With a credit card, you may have to pay interest on any unpaid balance at the end of the billing cycle, and there may be annual fees, late fees, and other charges.
3. Credit score: When you use a credit card responsibly, it can help you build or improve your credit score. Debit card use does not affect your credit score.
Overall, credit cards provide flexibility and convenience, but they can also come with higher costs and risks if not used responsibly. Debit cards are typically a safer way to spend money, but they don't offer the same rewards and perks as credit cards.