24
Sep
In the modern financial landscape, plastic money has become the norm, with credit and debit cards forming the backbone of everyday transactions. While these cards often appear similar in size, design, and usability, they function through distinct mechanisms. Exploring their differences is essential for both financial literacy and informed decision-making.How Debit Cards OperateDebit cards act as direct links to your bank account. When you make a purchase or withdraw cash at an automated teller machine (ATM), the amount is deducted instantly from your available balance. No borrowed capital is involved. For example, if your checking account has $500 and you…
