💳 Debit Card vs. Credit Card vs. Loyalty Card
🔹 Debit Card – Connected to your bank account; money is deducted instantly.
➡ I used my debit card to pay for lunch, and the amount was withdrawn from my account immediately.
🔹 Credit Card – Allows you to borrow money from the bank and pay later (often with interest).
➡ I booked my hotel using a credit card, and I’ll pay it off next month.
🔹 Loyalty Card – A store rewards card that offers discounts or points; not a payment method.
➡ I used my loyalty card at the supermarket and got a 10% discount.
💡 Other Useful Financial Terms:
✔ Online Transactions – Digital payments (I prefer online transactions for shopping)
✔ Bank Transfer – Moving money between accounts (She sent me money via bank transfer)
@ieltsboyko
🔹 Debit Card – Connected to your bank account; money is deducted instantly.
➡ I used my debit card to pay for lunch, and the amount was withdrawn from my account immediately.
🔹 Credit Card – Allows you to borrow money from the bank and pay later (often with interest).
➡ I booked my hotel using a credit card, and I’ll pay it off next month.
🔹 Loyalty Card – A store rewards card that offers discounts or points; not a payment method.
➡ I used my loyalty card at the supermarket and got a 10% discount.
💡 Other Useful Financial Terms:
✔ Online Transactions – Digital payments (I prefer online transactions for shopping)
✔ Bank Transfer – Moving money between accounts (She sent me money via bank transfer)
@ieltsboyko