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To: Beltropolis Boy who wrote (572)	11/3/1998 2:25:00 PM
From: Mark Ambrose	Read Replies (1) \| Respond to of 1331

So it's like the comparison of a Credit Card vs. a Debit Card. The Debit card accesses an account with funds that are already on deposit (prepaid). A Credit Card lets you borrow (up to your credit limit) funds which you will repay later when you are billed -- or delay full payment by making only a minimum monthly amount, thus carrying a credit balance forward. The APR on such a credit balance is typically 1.5 % per month, which works out to nearly 20% a year.