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Michael; Hi there! I am looking for a way to make my money already easier to access. I've heard about Credit and Debit Cards. What is the difference between the two? What should I get?
Mr. Sir; ...
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Michael; ...
Mr. Sir; There is 2 different types of digital cards. One is called a credit card. A credit card is basically money from the bank. When you get a credit card, you need to pay a monthly fee. There is 2 options. You can either pay the price you payed within the month, or you can pay a small percentage of what you would pay. However, over time, you develop interest.
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Mr. Sir; Or, there is another type, called a Debit card. I would reccomend this one for you, young man. This is basically a card with your money in it, unlike a credit card. There is no fees. But when you run out, you run out.
Michael; what's interest?
ok.
Michael; Thanks! Im getting Debit!
Mr. Sir; Intrest is a small payment that gets higher over time, until the full a was payed. If you always do this, your credit score might go down.
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