Question: Scott Bauer is trying to decide whether to apply for a credit card or a debit card. He has $8,500 in a savings account at

Scott Bauer is trying to decide whether to apply for a credit card or a debit card. He has $8,500 in a savings account at the bank and spends his money frugally. What advice would you have for Scott? Describe the benefits and drawbacks of each type of card.

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