These 3 types of plastic may look alike, but they have very different uses.
For example, ATM cards can generally only be used to withdraw cash from an ATM. Debit cards, on the other hand, double as both an ATM card and a way to make purchases directly from your checking account without having to write a check. When given a choice, most people prefer debit cards to ATM cards since they are more convenient.
Unlike a debit card or an ATM card, credit cards aren't linked directly to your checking account. You can use them to make purchases just like a debit card, but you're not required to make payment to the credit card company until your statement closes and the balance is due.
Rewards credit cards are especially popular among consumers because they offer cash back benefits or points that can be redeemed for everything from televisions to entire vacations.
