Explain the differences between a checking account and a credit-card account, as well

as list one fee associated with each type of account.

Question

Social Studies

Jamarion Donovan

6 January, 21:48

Explain the differences between a checking account and a credit-card account, as well

as list one fee associated with each type of account.

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Answers (1)

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Gordon Rogers · Answer 1

The primary difference between these accounts is that a checking account's funds are your own money from deposits and a credit card account's funds are money loaned to you from the card's bank. This means that purchases made with a credit card can incur interest since it's borrowed money.

Explain the differences between a checking account and a credit-card account, as wellas list one fee associated with each type of account.

Explain the differences between a checking account and a credit-card account, as well

as list one fee associated with each type of account.