Credit Store and Debit Cards

What are the differences between credit cards, store cards and debit cards?

Almost all store cards work in the same way as a credit card except the following points:

• Interest rates are usually much higher than standard credit cards
• Often the store card will reduce the interest rate if you pay by direct debit.
• Store cards can only be used in selected shops.
• You may have access to special offers such as discounts and invite only shopping evenings.

Make sure that the special offers and other benefits does not tempt you into spending more than you can afford.

Debit cards are completely different to credit cards and any money spent on a debit card is taken directly from your bank account.

Remember

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