Responses
They are issued by networks such as Visa.
They are issued by networks such as Visa.
They usually charge a lower interest rate than credit cards.
They usually charge a lower interest rate than credit cards.
You can run up huge debts if you don’t pay the balance off quickly.
You can run up huge debts if you don’t pay the balance off quickly.
When you use one, the money is taken directly from your bank account.
When you use one, the money is taken directly from your bank account.
1 answer
The true statement about debit cards is:
When you use one, the money is taken directly from your bank account.
Debit cards withdraw funds directly from your checking account when you make a purchase. The other statements are not true in the same context: debit cards do not charge interest since they do not allow you to borrow money, and while they can be branded with networks such as Visa, they do not involve running up debts like credit cards do.
