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1.what is the difrence between credit card and debit card?

2.how can we buy things on shop by credit card?

3.give me step by step guide how to get credit card and debit card?

4.do the money we spend on internet with credit card is cutted by our bank account or we have to buy credit card?

5.which credite card is best master or visa?

6.can atm card be used on internet

2006-06-18 06:05:48 · 9 answers · asked by kavya 2 in Business & Finance Credit

9 answers

go to the bank where you have your accounts and they will explain everything and show you also
that's what they're there for

2006-06-18 11:50:57 · answer #1 · answered by Anonymous · 2 0

1) You are borrowing money with credit cards with interest. So that fill up at the gas station of about 40.00 will end up costing you about $45-48.00 depending the interest. What can you do with the extra $5-8 dollars if you paid in cast?
Debit cards are pretty much the same as cash. It is taken right out of the checking account. It can be used in the same places as credit cards except you are not borrowing money. Just think, people are borrowing money for McDonalds and gas. WOW

2) you tell the cashier credit and the process is done...you have borrowed money for your purchase.

3) apply to a credit card company and wait for approval for your borrowing money. It should feel like the same feeling of asking a stranger for money and that you will pay them more in return. Debit card you just need a checking account. easy as pie!

4) You are not buying a credit card. You are asking for a certain amount of money to borrow. This is not your money. it is money you do not have! You can still use a debit card for internet purchases.

5) the best credit card is an unused one!

6) debit(atm) cards can be used online or anywhere else credit cards are used without the interest!

2006-06-18 06:47:36 · answer #2 · answered by dutchfam7 4 · 0 0

Credit cards are loans from your credit card company. Debit cards are funds taken from one's checking account. Usually there is a limit of $500.00 on the dibit side. To avoid this limit use the credit side of your debit card. To do this just tell the store owner credit and Do Not Enter Your PIN number just sign the receipt. The $500.00 lmit does not apply. Money still comes out of you checking account.
Not sure of your question on #2
The best rates are found at a Credit Union. See if you can qualify and speak with a Sepecial Services Representative.
Not sure of your #4 question.
Both are about the same and are honnered everwhere. I perfer VISA.
ATM Cards can only be used at ATM and some stores but not on the internet.

2006-06-19 13:03:25 · answer #3 · answered by John H 4 · 0 0

1a debit card is money you have available in a savings or checking account. a credit card is money you are borrowing from a lending institution.

2i don't understand this question

3go to a bank to get a debit card and open an account. go online and type discover, visa, mastercard etc...to apply for credit

4you do not have to buy a credit card. a debit card comes with your bank account.

5visa and mastercard are essential the same...it doesn't matter which you get, you really want to look for the lowest interest rates. so choose which ever card will give you low rates.

6you can use your debit card (atm) online if it is attached with a credit agencies name. you have to ask your bank for a visa/mastercard debit card. if it only has a bank name you can only use it at atm's your bank can explaint this to you in more detail.

2006-06-18 06:14:05 · answer #4 · answered by LongAgo 5 · 0 0

1.what is the difrence between credit card and debit card?

A credit card is a rotating credit balance. You spend up to the limit, then must repay the amount lent to you. A debit card spends money directly from your checking account, money that is already yours.

2.how can we buy things on shop by credit card?

Not sure I understand this question, but if you have a credit card, you swipe it at the end of the purchase, then sign the receipt.

3.give me step by step guide how to get credit card and debit card?

You have to apply for both of them. Credit cards can be applied for in person, by phone or internet, depending on the credit card issuing bank. Your debit card must be applied for at the bank you bank with. They will then mail it to you.

4.do the money we spend on internet with credit card is cutted by our bank account or we have to buy credit card?

As in question one, a credit card is money lent to you and repaid to the lender. A debit card comes directly from your bank account.

5.which credite card is best master or visa?

It depends. There's not much difference as both are generally accepted anywhere.

6.can atm card be used on internet

If your debit card has a credit card logo on it (like Visa or Mastercard), then yes, it can. Just enter the card number and list the logo name as the card type. It will process just like a credit card, but the money will debit from your bank account.

2006-06-18 06:13:42 · answer #5 · answered by gemthewitch 3 · 0 0

1. Credit card charges interest, debit card takes directly from your checking account
2. Just use a signature with a debit card to treat it as a credit card
3. Fill out an application for either
4. Can be both
5. Equal
6. Yes, but a debit card with the Visa or Mastercard logo works better.

2006-06-18 06:09:29 · answer #6 · answered by ☼Jims Brain☼ 6 · 0 0

1 credit card you get charged an interest rate based on your credit score, debit cards are attached to your bank account and you can only spend what you have, there is no interest rate.

2. I am assuming you meant debit card on this, debit cards will act as a credit card for purchases as long as it has a visa or master card logo

3 credit cards can be used to build credit, they charge high fees, to get one wait you should get offers from banks about credit cards, I personally stay away from them, debit cards can be obtained from your bank if they offer it, contact your bank to see if they offer it, if not shop around to find a bank that does.

4 credit cards do not come out of your bank accounts and is a separate entity, you will be charge interest for purchases, debit cards will come out of your bank funds but no interest will be charges its just what you have in the account

5 depends on if one will give you a better interest rate, shop around

6 no ATM cards will only work on ATM, debit cards tend to have a logo (visa or MasterCard) and can be used for purchases on the Internet.

2006-06-18 06:19:15 · answer #7 · answered by kcracer1 5 · 0 0

1.what is the difrence between credit card and debit card?

Credit cards, you pay for it later when they bill you. Debit cards, you have to have enough money in your bank account for you to pay for it.

2.how can we buy things on shop by credit card?
You have to enter your vredit card number and expiry date and they do the transaction for you.

3.give me step by step guide how to get credit card and debit card?
For any card go to the bank and ask one of the people there

4.do the money we spend on internet with credit card is cutted by our bank account or we have to buy credit card?
I don't get your question here.

5.which credite card is best master or visa?
I don't think it really matters.

6.can atm card be used on internet
I think so.

2006-06-18 06:11:03 · answer #8 · answered by kirbyfan919191 2 · 0 0

1. a debit card comes from your checking acct, a credit card is something you pay later...more like a loan

2 the website will give you step-by-step instructions when you are ready to buy

3. debit: get a checking acct
credit: apply at a bank

4 huh?

5 they are the same...choose by interest rate

6. not sure, don't have one

2006-06-18 06:09:58 · answer #9 · answered by chastityelizabeth 5 · 0 0

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