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Line 52: − + − * [[Interest rate]]s and [[usery]] − * [[Debt]] and [[:Category:Survivalism|Economic preparedness]] − Line 60:
Line 59: − [[Category:Real Estate]] − [[Category:Banksters]] − [[Category:Banks]] − [[Category:Finance]] − [[Category:Economics]]
debit cards
Some predict that credit cards will soon make paper and coin money obsolete. But in exchange for this convenience, a credit card has costs and dangers.
Some predict that credit cards will soon make paper and coin money obsolete. But in exchange for this convenience, a credit card has costs and dangers.
Credit cards compete with debit cards for handling purchases and other transactions. Unlike a credit card where money is automatically loaned to the cardholder between the time of the purchase and the time of a later payment, a debit card withdraws money from a bank account at the time of purchase. Federal laws extend consumer protections to credit cards, but these protections are not required to cover debit cards.
The abrogation of usury laws and overextension of debt has been implicated in the present credit card problem. <ref>Time Inc. ''How Americans Got Into a Credit Card Mess'', Aug. 08, 2009</ref>
The abrogation of usury laws and overextension of debt has been implicated in the present credit card problem. <ref>Time Inc. ''How Americans Got Into a Credit Card Mess'', Aug. 08, 2009</ref>
==See Also==
==See also==
*[http://www.creditcards.com/credit-card-news/credit-card-industry-facts-personal-debt-statistics-1276.php Credit card statistics, industry facts, debt statistics]
*[http://www.creditcards.com/credit-card-news/credit-card-industry-facts-personal-debt-statistics-1276.php Credit card statistics, industry facts, debt statistics]
[[Category:Technology]]
[[Category:Technology]]