What are the benefits of having a credit card?

Credit cards are a convenient way to make purchases, pay bills, and book travel arrangements. As an added benefit, many credit cards offer cash back, points, or miles on your spending, which can save you money. A credit card can also help with establishing and building a good credit score .

What are the risks of using a credit card?

Getting a credit card can come with pitfalls and drawbacks. Some of the risks you should be aware of include: Getting trapped in debt : If you can’t pay back what you borrow, your debts can pile up quickly. If you have bad credit, you could get hit with high interest rates – and once you’re in spiralling debt, it can be difficult to pay it all off

What is the difference between a credit card and a debit card?

With a credit card, you're borrowing money from the credit card issuer. With a debit card, you're using money from your checking account to pay for purchases. To use a debit card, you also need to enter your PIN. You can also use a debit card to take cash out of your checking account at an ATM or when you make a purchase.