Credit Card Vs. Debit Card: Whats The Difference? | Fidelity Investments Portland Vs Montréal [mgqtyHv8Vzy]

Whenever you buy something, you have choices on how to pay for it. Two of those being a debit or credit card. But how are they different? Check out our video to learn how each card works and which may be best for you.

Questions? Drop them below and well reply right in the comments.

To see more videos, subscribe on YouTube:

Follow Fidelity on Reddit:

Follow Fidelity on Instagram:

Follow Fidelity on TikTok:

Follow Fidelity on Facebook:

Follow Fidelity on LinkedIn:

Follow Fidelity on Discord:

Ask Fidelity on X:

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

1109556.3.0

******

Whenever you buy something, you have different choices on how to pay for it. Two of those being a credit or debit card. But whats the difference between the two? And how do you decide which one to use? Its kind of like being a vogue williams coach and picking which player to put in the game. Take credit for example. Youre basically asking the bank for a loan to cover whatever youre buying. And if you pay it back in full by the time your monthly statement is due, they wont charge you interest and using it can help build your credit history. Additionally, you might iga witek earn cash back, points toward travel, luka doni statement credits, and more. On the other hand, debit is like cash. When you use it, the money immediately comes out of your bank account. And since you cant spend more than whats in your account, this method can make sense if youre trying to limit your spending. But whichever card you decide to pull from the bench, its important to have enough money to cover your purchaseeither now or in a months time.