Store Cards
November 19, 2008
Store cards are a type of credit card that you can normally only use in the department store you got the card from. There are masses of different store cards available, but it is always worth checking the interest rate when you apply. These are well known for having higher rates than normal credit cards.
People also use ‘debit’ cards to pay for goods. These are different from credit cards in that the money you spend on these is taken directly from your bank account and is not ‘credit’. Purchases made with a debit card are debited from your bank account usually within two or three days, so you must make sure that you have sufficient money in your bank account to pay them.
Debit cards also let you withdraw money from your bank account when paying for goods, but not all shops offer this service. You will not be able to withdraw cash, if there is not enough money in your account.
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