Which card is used to make purchases now and pay for them later?

Which card is used to make purchases now and pay for them later?

• A. Debit Card
• B. Balance
• C. Credit Card
• D. Withdrawal

Answer: (C)

Buying now and paying later is what a credit card is for. A credit card lets you make purchases today by borrowing money from the card issuer, and you pay that money back later—often after a monthly statement. If you pay the full amount each month, you usually avoid interest; if you carry a balance, interest charges apply. This is different from a debit card, which spends your own money from your bank account right away, not borrowed funds. A withdrawal means taking cash from an ATM, which isn’t about paying later for a purchase. A balance isn’t a card itself—it’s the amount you owe (or what you have available) rather than a way to pay.

Buying now and paying later is what a credit card is for. A credit card lets you make purchases today by borrowing money from the card issuer, and you pay that money back later—often after a monthly statement. If you pay the full amount each month, you usually avoid interest; if you carry a balance, interest charges apply. This is different from a debit card, which spends your own money from your bank account right away, not borrowed funds. A withdrawal means taking cash from an ATM, which isn’t about paying later for a purchase. A balance isn’t a card itself—it’s the amount you owe (or what you have available) rather than a way to pay.