PLAY PODCASTS
ELI5 Credit vs Debit Cards - what’s the difference?
Season 1 · Episode 198

ELI5 Credit vs Debit Cards - what’s the difference?

What is the difference between swiping my bank card as a credit vs. a debit? Why do you need to use credit to get rewards points? What role does Visa and Mastercard play in the process? ... we explain like I'm five Thank you to the...

ELI5 Explain Like I'm 5: Bite sized answers to stuff you should know about - in a mini podcast

December 9, 20227m 21s

Audio is streamed directly from the publisher (prefix.up.audio) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.

Show Notes

What is the difference between swiping my bank card as a credit vs. a debit? Why do you need to use credit to get rewards points?  What role does Visa and Mastercard play in the process?

... we explain like I'm five

Thank you to the r/explainlikeimfive community and in particular the following users whose questions and comments formed the basis of this discussion: bringer_of_words, tehwildman_, herohas, niuniu1218, civil_politics, goldzatfig, londonpilot and loodog

To the ELI5 community that has supported us so far, thanks for all your feedback and comments. Join us on Twitter:

https://www.twitter.com/eli5ThePodcast/

or send us an e-mail:

[email protected]