what is the purpose of checks when you have debit and credit cards?
Checks (and other promisory notes) where what existed for decades before credit or debit cards were ever invented. And their purpose is to allow you to purchase goods or do business without having to carry cash.
Using a check does not incur interest the way that using a credit card does.
Debit and credit cards are not practical for all purposes. Paper checks are becoming more and more rare, but they are still widely used to exchange funds from one person or company to another.
by Word2 years ago
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by Gary Anderson7 years ago
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by Davinagirl36 years ago
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by Rebecca Graf8 years ago
What questions would you like to see answered about credit card debt?
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