A debit card is better than a credit card because it allows the purchaser to float a short-term loan, until the credit card company sends the bills at the end of the month.

Question

Quizplus · Accepted Answer

This statement is incorrect. A debit card does not allow the purchaser to float a short-term loan as it only allows purchases to be made with available funds in the linked bank account. A credit card allows the purchaser to make purchases on credit which must be paid back at the end of the billing cycle with interest.

A Debit Card Is Better Than a Credit Card Because