Have your parents been teaching money concepts to you? In particular, have they spoken to you about credit cards and debit cards and how they work? If you answered yes, let me ask you a question: "what's the difference between a debit card and a credit card?" If you aren't sure what the answer is, let me explain it for you.
If you did know this answer, perhaps you'd like to read on to double check your answer is the same as mine.
To put it simply, a credit card is where you borrow money while a debit card is where you spend your own money.
When you use a credit card, you are borrowing money from your bank, so it's actually a loan.
After you use the credit card, your bank will ask you to pay back the money you spent.
If you pay back all of the money straight away then that's all you have to do, but if you don't, watch out because the bank will charge you interest.
The longer you take to pay back the bank, the more money you have to give them! They can also charge you lots more money if you don't pay the minimum amount by the due date, so you have to be very careful.
If you think a credit card may not be for you, then maybe you should consider having a debit card instead.
These cards offer the same things as credit cards, such as buying things over the internet or phone, with the big difference being that you are using your money instead of borrowing from the bank! That way you don't risk having to pay the bank lots of interest and other fees.
A debit card can have many different names and may be also known as a Debit Credit Card, Keycard, Handycard, Flexicard, Access Card or Cashcard.
This will depend on what your bank calls them and where you live in the world.
There are so many options you can choose from so ensure you compare them all and pick the one that's right for you; don't be afraid to ask someone with more experience to help you choose! It's all about trying to work out a balance between fees and charges and the things you want your card to do.
It is also important to consider if your current bank offers debits card, so speak to them and find out before you make any decisions.