2006-07-09 16:45:11 · 19 answers · asked by veena k 1 in Beauty & Style ➔ Skin & Body
A credit card is "borrowed" money that you have to pay back. And debit card is used like a credit card but the money comes out of your checking account. Its like writing an instant check.
Hope this helps~
2006-07-09 16:49:12 · answer #1 · answered by Bon Bon 5 · 0⤊ 1⤋
A Debit Card you use from a checking account. Which only holds a certain amount of money that you put in. and also with a debit card you can take out money at an ATM machine. A Credit card gives you a maxim amount of money on a card say 1,000 dollars. You are only allowed to spend that much money in a certain amount of time. You Also have to pay the Company say.. Visa that money back in a amount of time
2006-07-09 16:52:29 · answer #2 · answered by adamb6767 1 · 0⤊ 0⤋
A debit card is a card where you have money already in an account for the buying of objects..and using a credit card means that you will have to pay for the item(s) later on after you get billed. With a debit the item is paid for with money that has already placed aside in a special account.
2006-07-09 16:48:58 · answer #3 · answered by stargazengrle 3 · 0⤊ 0⤋
A credit card gives you a line of credit, that you will have to pay back with interest. A debit card is a card issued from a bank that takes money directly out of your checking account.
2006-07-09 16:48:03 · answer #4 · answered by lightningviper 4 · 0⤊ 0⤋
You have to have the money in your bank account to use a debit card. If you use a credit card then you can buy things without having money and pay for it later. Only credit cards will effect your credit score.
2006-07-09 16:48:22 · answer #5 · answered by Mischelle 4 · 0⤊ 0⤋
Debit card, the money comes out of your bank account. Credit card is a loan .
2006-07-09 16:48:59 · answer #6 · answered by doglover 5 · 0⤊ 0⤋
Credit card - pay later.
Debit card - pay now.
Prepaid debit card - pay ahead.
With a credit card, you're allowed to spend upto a certain amount (limit) and you get a monthly statement and need to pay whatever you've spent.
With a debit card, as you make purchases, the money comes out of your account.
With a prepaid debit card, you put money onto the card first. You can then spend as much as you've put onto the card. As you spend, your balance comes down.
2006-07-14 02:44:09 · answer #7 · answered by Anonymous · 0⤊ 0⤋
A debit card is like writing a check..except you just use the card...the money comes out of your checking account. Now you can use a charge to buy something..and you will receive a bill in the mail plus a percent of interest. Could be as high as 21 percent or much lower.
2006-07-09 16:52:34 · answer #8 · answered by ? 4 · 0⤊ 0⤋
Debit is based on what you have in your bank at the moment. Credit is what you can pay back at a later date. If you have a Visa debit card, some establishments treat it as credit, but it still comes from what you have currently available in your bank account.
2006-07-09 16:52:20 · answer #9 · answered by Kim N 2 · 0⤊ 0⤋
A debit card acts like a check where the money is taken from an account in your name. There is no one to pay back, and no interest.
A credit card, on the other hand, accumulates interest and works like money borrowed from a bank. A bank that you have to repay.
-Cheers
2006-07-09 16:50:04 · answer #10 · answered by Nate T 2 · 0⤊ 0⤋