Blog Archives: tag "Payment Study"

1 in 5 of us can’t Explain the Difference Between a Credit and Debit Card

According to a recent survey carried out by leading voucher site, one in five of us can’t explain the difference between a credit, debit or prepaid card, giving us a very revealing look at the financial illiteracy of the nation.

The survey, which asked more than 1,600 UK adults, looked at a number of common financial terms to see what exactly we knew about the financial services we use.

62% of the 1,600 UK adults who responded to the survey didn’t know what ‘APR’

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