Why do you pay late fees with a credit card and not with a debit card?
Please answer ASAP!!

Debit card is direct charge to balance in your account.  Credit card is a loan

Explanation:

On a credit card, you are borrowing money.  You keep a running balance and make a payment monthly.  If you miss a monthly payment your credit agreement allows the bank to charge you a late fee.  With a debit card, money is deducted from your bank account balance as you use it.  So you don't have to worry about a monthly payment - or late fees, but you can be charged an overdraft fee if you overspend your balance.

you are barrowing money with a credit card but with a debit card it is coming strait out of your checking account.

Explanation:

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