What are credit/debit cards?
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I'm baffled. I want a credit/debit card. When I want to purchase something from Amazon, it asks for a Payment Method. There are five choices: 'Amazon.co.uk MasterCard', 'Visa/Delta/Electron', 'MasterCard/EuroCard', 'American Express' and lastly 'Solo/Maestro'. I do have a card where money comes in but my father safeguards it since if I had it, the balance would be zilch. So, I have a few questions: 1) What are the distinctions among a credit card and debit card? 2) Why are there so many varieties of credit/debit cards? 3) Which is the best credit/debit card? 4) What are the benefits and drawbacks of credit/debit cards? 5) How do you make a credit or debit card? Thanks in advance.
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Answer:
1) Debit card- the money comes from your bank account. Credit card- the money belongs to the bank that you are withdrawing and you'll need to pay them back 2) Lots of credit cards offering different interest rates 3) Lowest Interest 4) You can get into debt with credit cards 5) make one? you cant?
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