Guide to Credit Cards vs. Debit Cards: All You Need to Know

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is a Credit Card?
What Is a Debit Card?
Credit Card vs. Debit Card
Debit Card Pros and Cons
Pros
Cons
Credit Card Pros and Cons
Pros
Cons
Using a Credit Card vs. Debit Card
Can I Use a Credit Card as a Debit Card?
Is a Credit Card Safer Than a Debit Card?
Debit Card vs. Credit Card Fraud
Debit Card Fraud
Credit Card Fraud
Applying for a Debit vs. Credit Card
Applying for a Debit Card
A valid driver’s license Your Social Security number Proof of address
Applying for a Credit Card
Name, phone number, and address Social Security number Employment status Gross annual income and proof of income Financial assets and accounts Financial liabilities
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Frequently Asked Questions
About the Author
Jason Steele has been writing about credit cards and award travel since 2008. One of the nation's leading experts in this field, he has contributed to dozens of personal finance and travel outlets and has been widely quoted in the mainstream media.
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