The major difference between a credit and a debit card is that O credit card payments are protected by insurance. • debit card use is the same as taking a loan. ab • debit card charges are automatically withdrawn from a person's bank account. • credit card use is restricted to department stores, gasoline stations, and hotels.

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Question
The major difference between a credit and a debit card is that
O credit card payments are protected by insurance.
• debit card use is the same as taking a loan.
ab
• debit card charges are automatically withdrawn from a person's bank account.
• credit card use is restricted to department stores, gasoline stations, and hotels.
Answer

The major difference between a credit and a debit card is that credit card payments are protected by insurance, while debit card charges are automatically withdrawn from a person's bank account.

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Credit cards are a form of loan, and as such, they are protected by insurance. This means that if a purchase is fraudulent or if the card...
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