What is a credit card or prepaid card?
Credit cards and prepaid cards are payment cards that can be used to
buy things in places like shops, restaurants
and online stores. They can also be used to withdraw cash from an ATM.
How does it work?
The difference between a credit card and a regular debit card
is that the money is not withdrawn from your current account
immediately. Either you pay the full amount on a fixed day each month,
or you pay off your spending in instalments. With a prepaid
card, you only pay with the money on your card and there’s no link
to your current account.