{"id":18167,"date":"2022-06-01T14:43:38","date_gmt":"2022-06-01T13:43:38","guid":{"rendered":"https:\/\/www.quebecmetiersdavenir.com\/?p=18167"},"modified":"2022-10-03T19:02:05","modified_gmt":"2022-10-03T18:02:05","slug":"debit-cards-and-credit-cards-whats-the-difference","status":"publish","type":"post","link":"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/","title":{"rendered":"Debit cards and credit cards: What\u2019s the difference?"},"content":{"rendered":"<img decoding=\"async\" class=\"aligncenter size-full wp-image-3670\" src=\"\/wp-content\/uploads\/2000480_Img_NACC_Debit_Credit_H.jpg\" alt=\"Planifier votre budget en vue de votre arriv\u00e9e au Canada\" width=\"100%\" height=\"auto\" \/>\r\n\r\n<a href=\"https:\/\/www.quebecmetiersdavenir.com\/en\/financial-advice-and-services-for-your-studies\/\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-17091 aligncenter\" src=\"https:\/\/www.quebecmetiersdavenir.com\/wp-content\/uploads\/logo-desjardins.jpg\" alt=\"Desjardins\" width=\"265\" height=\"76\" srcset=\"https:\/\/www.quebecmetiersdavenir.com\/wp-content\/uploads\/logo-desjardins.jpg 555w, https:\/\/www.quebecmetiersdavenir.com\/wp-content\/uploads\/logo-desjardins-500x143.jpg 500w\" sizes=\"auto, (max-width: 265px) 100vw, 265px\" \/><\/a>\r\n<p class=\"text bold\" style=\"color: #168552; margin: 10px auto;\"><span style=\"font-size: 1.2em;\"> In Canada, there are 2 types of cards you can use to make purchases. Here\u2019s a description of both types and the benefits of each :<\/span><\/p>\r\n<p class=\"text\"><span style=\"font-size: 1.2em;\"><strong>Debit cards<\/strong><\/span><\/p>\r\n<p class=\"text\">You receive a debit card for free when you <a href=\"https:\/\/ad.doubleclick.net\/ddm\/clk\/537220686;345835105;i\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">open a Desjardins account<\/span><\/a> (to open an account, you need to pay a $5 membership share). Every time you use the card, your account is debited immediately. In other words, the money is taken out of your chequing account right away. That means you need to have enough money in your account to make the purchase or withdrawal.<\/p>\r\n<p class=\"text\"><strong>Why use a debit card?<\/strong><\/p>\r\n<p class=\"text\">You can use it to:<\/p>\r\n\r\n<ul>\r\n \t<li>\r\n<p class=\"text\">Withdraw money from automated teller machines (ATMs)<\/p>\r\n<\/li>\r\n \t<li>\r\n<p class=\"text\">Log in to do your banking online (for example, Acc\u00e8sD)<\/p>\r\n<\/li>\r\n \t<li>\r\n<p class=\"text\">pay for purchases in stores<\/p>\r\n<\/li>\r\n<\/ul>\r\n\r\n<hr \/>\r\n<p class=\"text\"><span style=\"font-size: 1.2em;\"><strong>Credit cards<\/strong><\/span><\/p>\r\n<p class=\"text\">You need to apply to get a credit card (there\u2019s a form to fill out). How much you can buy with your credit card depends on your credit limit. You must be 18 or older to get a credit card.<\/p>\r\n<p class=\"text\">Some credit cards are free, and others have a fee. Credit cards are similar to deferred debit cards\u2014you can use them to buy things and you\u2019ll be billed for them later. The financial institution that issued your card temporarily lends you the money.<\/p>\r\n<p class=\"text\">Each month, you get a statement that shows all the purchases you made. If you pay the entire balance before the end of the billing period (21 days), you won\u2019t be charged interest. Different credit cards have different interest rates.<\/p>\r\n<p class=\"text\"><strong>Why use a credit card?<\/strong><\/p>\r\n<p class=\"text\">You can use it to:<\/p>\r\n\r\n<ul>\r\n \t<li>\r\n<p class=\"text\">Make reservations or purchases online (like insurance, travel and hotel rooms)<\/p>\r\n<\/li>\r\n \t<li>\r\n<p class=\"text\">Pay for purchases in stores (to buy things like clothing, furniture and food)<\/p>\r\n<\/li>\r\n \t<li>\r\n<p class=\"text\">Build your credit history (very helpful if you want to borrow money from a financial institution)<\/p>\r\n<\/li>\r\n<\/ul>\r\n<p class=\"text\"><strong>4 tips for managing your credit card so you never have to pay interest<\/strong><\/p>\r\n\r\n<ol>\r\n \t<li>\r\n<p class=\"text\">Pay your entire balance every month.<\/p>\r\n<\/li>\r\n \t<li>\r\n<p class=\"text\">Set up automatic payments so you never forget.<\/p>\r\n<\/li>\r\n \t<li>\r\n<p class=\"text\">Don\u2019t use it to withdraw money from the ATM (you\u2019ll be charged a withdrawal fee and interest).<\/p>\r\n<\/li>\r\n \t<li>\r\n<p class=\"text\">Choose a realistic credit limit.<\/p>\r\n<\/li>\r\n<\/ol>\r\n<p class=\"text\">Learn more to get ready for life in Canada : <a style=\"color: #168552; text-decoration: underline;\" href=\"https:\/\/ad.doubleclick.net\/ddm\/clk\/537219666;345552974;y\"><span style=\"text-decoration: underline;\"><strong>desjardins.com\/PrepareLiveCanada<\/strong><\/span><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>In Canada, there are 2 types of cards you can use to make purchases. Here\u2019s a description of both types and the benefits of each : Debit cards You receive a debit card for free when you open a Desjardins account (to open an account, you need to pay a $5 membership share). Every time [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"tags":[],"class_list":["post-18167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Debit cards and credit cards: What\u2019s the difference? - Quebec Metiers d&#039;avenir<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Debit cards and credit cards: What\u2019s the difference? - Quebec Metiers d&#039;avenir\" \/>\n<meta property=\"og:description\" content=\"In Canada, there are 2 types of cards you can use to make purchases. Here\u2019s a description of both types and the benefits of each : Debit cards You receive a debit card for free when you open a Desjardins account (to open an account, you need to pay a $5 membership share). Every time [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/\" \/>\n<meta property=\"og:site_name\" content=\"Quebec Metiers d&#039;avenir\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-01T13:43:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-03T18:02:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.quebecmetiersdavenir.com\/wp-content\/uploads\/2000480_Img_NACC_Debit_Credit_H.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"558\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"pubinteractive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"pubinteractive\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/\",\"url\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/\",\"name\":\"Debit cards and credit cards: What\u2019s the difference? - Quebec Metiers d&#039;avenir\",\"isPartOf\":{\"@id\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.quebecmetiersdavenir.com\/wp-content\/uploads\/2000480_Img_NACC_Debit_Credit_H.jpg\",\"datePublished\":\"2022-06-01T13:43:38+00:00\",\"dateModified\":\"2022-10-03T18:02:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/#\/schema\/person\/6cef871d2b61539086d35259e7a4e186\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/#primaryimage\",\"url\":\"https:\/\/www.quebecmetiersdavenir.com\/wp-content\/uploads\/2000480_Img_NACC_Debit_Credit_H.jpg\",\"contentUrl\":\"https:\/\/www.quebecmetiersdavenir.com\/wp-content\/uploads\/2000480_Img_NACC_Debit_Credit_H.jpg\",\"width\":1200,\"height\":558},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Debit cards and credit cards: What\u2019s the difference?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/#website\",\"url\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/\",\"name\":\"Quebec Metiers d&#039;avenir\",\"description\":\"Un site utilisant WordPress\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/#\/schema\/person\/6cef871d2b61539086d35259e7a4e186\",\"name\":\"pubinteractive\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a76fa5ed1ad9aac36a0e16c17a36669d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a76fa5ed1ad9aac36a0e16c17a36669d?s=96&d=mm&r=g\",\"caption\":\"pubinteractive\"},\"url\":\"https:\/\/www.quebecmetiersdavenir.com\/en\/author\/pubinteractive\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Debit cards and credit cards: What\u2019s the difference? - Quebec Metiers d&#039;avenir","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/","og_locale":"en_US","og_type":"article","og_title":"Debit cards and credit cards: What\u2019s the difference? - Quebec Metiers d&#039;avenir","og_description":"In Canada, there are 2 types of cards you can use to make purchases. Here\u2019s a description of both types and the benefits of each : Debit cards You receive a debit card for free when you open a Desjardins account (to open an account, you need to pay a $5 membership share). Every time [&hellip;]","og_url":"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/","og_site_name":"Quebec Metiers d&#039;avenir","article_published_time":"2022-06-01T13:43:38+00:00","article_modified_time":"2022-10-03T18:02:05+00:00","og_image":[{"width":1200,"height":558,"url":"https:\/\/www.quebecmetiersdavenir.com\/wp-content\/uploads\/2000480_Img_NACC_Debit_Credit_H.jpg","type":"image\/jpeg"}],"author":"pubinteractive","twitter_card":"summary_large_image","twitter_misc":{"Written by":"pubinteractive","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/","url":"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/","name":"Debit cards and credit cards: What\u2019s the difference? - Quebec Metiers d&#039;avenir","isPartOf":{"@id":"https:\/\/www.quebecmetiersdavenir.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/#primaryimage"},"image":{"@id":"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/#primaryimage"},"thumbnailUrl":"https:\/\/www.quebecmetiersdavenir.com\/wp-content\/uploads\/2000480_Img_NACC_Debit_Credit_H.jpg","datePublished":"2022-06-01T13:43:38+00:00","dateModified":"2022-10-03T18:02:05+00:00","author":{"@id":"https:\/\/www.quebecmetiersdavenir.com\/en\/#\/schema\/person\/6cef871d2b61539086d35259e7a4e186"},"breadcrumb":{"@id":"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/#primaryimage","url":"https:\/\/www.quebecmetiersdavenir.com\/wp-content\/uploads\/2000480_Img_NACC_Debit_Credit_H.jpg","contentUrl":"https:\/\/www.quebecmetiersdavenir.com\/wp-content\/uploads\/2000480_Img_NACC_Debit_Credit_H.jpg","width":1200,"height":558},{"@type":"BreadcrumbList","@id":"https:\/\/www.quebecmetiersdavenir.com\/en\/debit-cards-and-credit-cards-whats-the-difference\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/www.quebecmetiersdavenir.com\/en\/"},{"@type":"ListItem","position":2,"name":"Debit cards and credit cards: What\u2019s the difference?"}]},{"@type":"WebSite","@id":"https:\/\/www.quebecmetiersdavenir.com\/en\/#website","url":"https:\/\/www.quebecmetiersdavenir.com\/en\/","name":"Quebec Metiers d&#039;avenir","description":"Un site utilisant WordPress","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.quebecmetiersdavenir.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.quebecmetiersdavenir.com\/en\/#\/schema\/person\/6cef871d2b61539086d35259e7a4e186","name":"pubinteractive","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.quebecmetiersdavenir.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a76fa5ed1ad9aac36a0e16c17a36669d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a76fa5ed1ad9aac36a0e16c17a36669d?s=96&d=mm&r=g","caption":"pubinteractive"},"url":"https:\/\/www.quebecmetiersdavenir.com\/en\/author\/pubinteractive\/"}]}},"_links":{"self":[{"href":"https:\/\/www.quebecmetiersdavenir.com\/en\/wp-json\/wp\/v2\/posts\/18167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.quebecmetiersdavenir.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.quebecmetiersdavenir.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.quebecmetiersdavenir.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.quebecmetiersdavenir.com\/en\/wp-json\/wp\/v2\/comments?post=18167"}],"version-history":[{"count":2,"href":"https:\/\/www.quebecmetiersdavenir.com\/en\/wp-json\/wp\/v2\/posts\/18167\/revisions"}],"predecessor-version":[{"id":18657,"href":"https:\/\/www.quebecmetiersdavenir.com\/en\/wp-json\/wp\/v2\/posts\/18167\/revisions\/18657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.quebecmetiersdavenir.com\/en\/wp-json\/wp\/v2\/media\/17113"}],"wp:attachment":[{"href":"https:\/\/www.quebecmetiersdavenir.com\/en\/wp-json\/wp\/v2\/media?parent=18167"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.quebecmetiersdavenir.com\/en\/wp-json\/wp\/v2\/tags?post=18167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}