EPISODE · Dec 9, 2022 · 7 MIN

ELI5 Credit vs Debit Cards - what’s the difference?

from ELI5 Explain Like I'm 5: Bite sized answers to stuff you should know about - in a mini podcast · host ELI5 Explain Like I'm Five Podcast

What is the difference between swiping my bank card as a credit vs. a debit? Why do you need to use credit to get rewards points? What role does Visa and Mastercard play in the process? ... we explain like I'm five Thank you to the r/explainlikeimfive community and in particular the following users whose questions and comments formed the basis of this discussion: bringer_of_words, tehwildman_, herohas, niuniu1218, civil_politics, goldzatfig, londonpilot and loodog To the ELI5 community that has supported us so far, thanks for all your feedback and comments. Join us on Twitter: https://www.twitter.com/eli5ThePodcast/ or send us an e-mail: [email protected]

What this episode covers

What is the difference between swiping my bank card as a credit vs. a debit? Why do you need to use credit to get rewards points? What role does Visa and Mastercard play in the process? ... we explain like I'm five Thank you to the r/explainlikeimfive community and in particular the following users whose questions and comments formed the basis of this discussion: bringer_of_words, tehwildman_, herohas, niuniu1218, civil_politics, goldzatfig, londonpilot and loodog To the ELI5 community that has supported us so far, thanks for all your feedback and comments. Join us on Twitter: https://www.twitter.com/eli5ThePodcast/ or send us an e-mail: [email protected]

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ELI5 Credit vs Debit Cards - what’s the difference?

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This episode is 7 minutes long.

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This episode was published on December 9, 2022.

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What is the difference between swiping my bank card as a credit vs. a debit? Why do you need to use credit to get rewards points? What role does Visa and Mastercard play in the process? ... we explain like I'm five Thank you to the...

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