What Is The Difference Between A Debit Card And A Credit Card?

[Passiveearner]

Well, these are the two terms that we generally use to refer to bank cards that are offered by the banks to us. These two cards are used by many people around the world. I think that credit card offers you the ability to buy products on credit. Such kind of cards should not be used because you have to pay insane amounts of interest percentage at the end and this could increase the risk of bad debts. Debt cards are used to purchase products and the cash is deducted from your main account. Am I right?

 

[AmazingJob]

From the word credit, bank will provide credit limit to spend and one can pay for their purchases using the card on a monthly basis. Whereas, debit, we are the ones putting money on it if we want to use it.

 

[SHAHID987]

Credit as term itself express as bank gives credit upto certain limit to purchase item. On the other hand in debit card we need to put money then we can go ahead.

 

[Springtime]

I use credit card a lot to shop to get cashback or discount. I pay the dues on time every month. So I never have to pay any interest.

 

[eldavis]

When you use a debit card, money is taken from your personal bank account, meaning you cannot spend beyond what is in your bank account. Credit card on the other hand is like you borrowing money to pay back later.