6 Replies to “What is difference between a credit card and a debit card?”

  1. The difference is basically the following:

    Debit card is used to make transactions and the amount comes directly off of your account.

    Credit Card is also used to make transactions but you can pay back the amount at a later stage.
    So basically you can buy items for more money than is what is in your account.


  2. great question

    debit card – takes money directly from your checking account –
    do not pass go – do not collect $200

    Credit Card – the company pays for your purchase – and loans
    you the money – with some cards – you owe NO interest IF
    you pay off the entire balance before it is due –

    otherwise – you get nailed for 18-24% interest (1.5-2% per month)
    and they make a killing on you PLUS $39 if your payment is late

    all the best


  3. In short a credit card will provide you with money from a company which you end up having to pay for later and is more flexible, then compared to a debit card which is your own money in a bank and usually you can not pay for more than what is your balance of your bank account.

    Read my source for detailed most info.


  4. debit card:- whatever you spend by debit card its your ac money you wont have to pay anybody for it.
    Credit card :- credit card is the owe money from bank for which you duration of 30 or 45 days i which you have to deposit money in the bank by cheque you have spent or you have to pay the interest.



  5. Debit card with a credit card logo:

    If you have a credit card account and you tell the merchant to make it a CREDIT transaction, your credit card account will show a credit transaction. You pay that later when the bill comes due.

    If you do not have a credit card account and you tell the merchant to make it a CREDIT transaction, the transaction will be converted to a debit transaction and the money will immediately be deducted from your linked account (usually checking).

    If you tell the merchant to make it a DEBIT transaction, the funds to pay for the purchase will immediately be deducted from your linked account (usually checking).

    That’s how mine works.

    Credit card transactions are paid when you receive the bill and send in the payment.
    Debit card transactions are immediately paid from your linked account (usually checking). You do not receive a bill for later payment.





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