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2. CARD BASED
A. CREDIT CARD
A CREDIT CARD IS A NON-CASH PAYMENT TOOL
THAT USES A DEBT MECHANISM, SIMILAR TO A
DEBIT NOTE. HOWEVER, BECAUSE YOU USE A
CARD, THE PROCESS IS MUCH EASIER. TO USE A
CREDIT CARD OPTIMALLY, YOU NEED TO KNOW
THE TOTAL VALUE OF TRANSACTIONS THAT HAVE
BEEN MADE DUE TO THE DEBT LIMIT WITHIN A
CERTAIN PERIOD. AT THE END OF THE PERIOD,
THE ACCUMULATED DEBT WILL REDUCE THE
FUNDS IN YOUR ACCOUNT ACCORDING TO THE
AMOUNT OF DEBT USED.
B. DEBIT CARD
A DEBIT CARD IS A TYPE OF NON-CASH
PAYMENT INSTRUMENT IN THE FORM OF A
BALANCE ISSUED
BY THE BANK WHERE YOU SAVE YOUR
ACCOUNT. USUALLY, SOME DEBIT CARDS HAVE
CERTAIN LIMITS
ON EACH TRANSACTION.
