Credit cards and debit cards look almost exactly alike but are actually quite different. Money you spend or withdraw using a debit card comes straight out of your bank account – you’re ...

Savings Money tip: Know the credit limit on your credit card so you don’t overspend. If you have a debit card, the limit is essentially the amount of money in your bank account.

That depends on how you use them. Watch Professor MoneyTips Jeff Hoyt compare the benefits and risks of both credit and debit cards in our exclusive video above.

While credit cards allow you to carry a balance, charge cards must be paid in full every month. Aside from how payment works, there are a few other differences to be aware of.

Credit cards and debit cards are often used interchangeably, but they have distinct differences that can affect your financial situation. Though they look nearly identical, they have 16-digit card ...

Debit and credit cards have very different limits as well. You can only use a debit card up to the amount of cash in your account – or even less if your card has daily transaction restrictions.