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Practical Money Guide:<br>Debit Card Basics

Practical Money Guide:
Debit Card Basics

If credit cards mean 'pay later,' debit cards mean 'pay now.' These cards are tied to your bank account and are like paying with cash. With debit cards, you've got to have the money in the bank to cover your purchases. These cards look similar to credit cards so make sure you know what type of card your financial institution issued you.