How does the Kikoff Credit+ Cash Card work compared to a regular credit card? Or debit card?

Modified on Mon, 17 Oct 2022 at 03:39 PM

Let’s start with some definitions: 

A unsecured credit card

A regular unsecured credit card offers a line of credit where you may spend more than the amount of money you currently have, so it could lead to overspending and accumulating debt. It doesn’t require a deposit but the card issuer will do a credit history pull. And the card issuer would charge interest on the remaining balance and the APR (annual percentage rate) can be as high as 19-26%. Some card issues also charge annual fees for their unsecured credit cards. Having a credit card, using it, and paying it off regularly helps build your credit score by demonstrating that you’re financially responsible.

In general, credit cards offer more purchase protection and fraud protection than debit cards. Many unsecured credit cards also offer benefits like cash back rewards and points. 

A debit card

A regular debit card is connected to your Checking Account, and with a regular debit card, you may only spend as much money as what you have—the money spent will be deducted from your Checking Account. Using a debit card does not contribute to helping you build credit, but it helps avoid accumulating debt. 

Many debit cards offer benefits like cash back rewards and overdraft protection. 


A secured credit card

A secured credit card is a credit card that requires a cash security deposit when you open the account, but doesn’t require a credit pull. This is a great option for those with low credit score or no credit history who may have trouble qualifying for unsecured credit cards. Because a secured credit card is still a type of credit card, it offers fraud protection and can help you build credit.

The Kikoff Credit+ Cash Card combines all the benefits of both credit and debit cards without any of the risks. You get to build your credit history and increase your credit score by simply using the Kikoff Credit+ Cash Card in your lives without having to worry about ever overspending. The Kikoff Credit+ Cash Card only allows you to spend as much money as you have in the account connected to the card, and it does not charge interest like a traditional credit card. 

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