Credit Card v Debit Card

The video tutorial explains the differences between credit and debit cards. It covers how debit cards are linked directly to bank accounts, while credit cards involve borrowing money from a bank or credit card company. The tutorial discusses the risks of debt with credit cards, the concept of overdrafts, and the importance of managing spending. It also highlights the interest and fees associated with credit cards, as well as the benefits such as building a credit score and earning rewards. The tutorial uses a narrative involving an aunt's experience to illustrate these points.

What does it mean to have an overdraft on a bank account?

What are the potential costs associated with using a credit card?

What are some benefits of having a credit card that debit cards do not offer?