what is debit,credit,visa,mastercards and what is diffrent ?
2007-02-11 18:05:25 · 6 answers · asked by hari 1 in Education & Reference ➔ Financial Aid
debit is your money(CHECKING & SAVINGS)
credit is (BORROWING)
visa & mc, ect are lending agenceys
2007-02-11 18:10:02 · answer #1 · answered by unit ® 4 · 0⤊ 0⤋
Debit cards are not credit cards; rather, they deduct money directly from the cardholder's bank account whenever a transaction is made with the card. Consumer protections guaranteed by law to credit card users often do not apply when a debit card is used.
"Credit card" means a credit, travel or entertainment card
Visa, MasterCard, American Express and Discover credit card payments can be called in to 480-350-8361. Credit card payments made through the interactive voice system will be posted on the next business day.
2007-02-11 20:46:55 · answer #2 · answered by grierGRIER h 3 · 0⤊ 0⤋
A Debit card is linked to your bank account similar to an ATM card will have a Master Card or Visa logo on it. It is then accepted anywhere that accepts a Master card or Visa depending on the logo on the card. A credit card with Visa or Master Card logo has a certain amount of credit available to you (like a loan) you then pay it back in payments or in full with interest.
2007-02-11 18:19:01 · answer #3 · answered by me 3 · 0⤊ 0⤋
they are particularly some issues. once you employ a debit card, the money comes at this trip of your economic business enterprise account. once you employ a credit card, it is going on a separate account which you agree - or proceed as an high priced very own loan - each and each month. you're able to be waiting to pay with a debit card (after all it incredibly is greater value-effective for Asda). Visa debit became earlier suggested as Delta and you're able to discover that the positioning nevertheless calls it that.
2016-10-02 00:12:01 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Debit is linked to your bank account. It's a card that acts like a checkbook. Credit charges to the credit card company. You owe them when you use it.
Visa and Mastercard are brands. They are companies like American Express or Discover.
2007-02-11 18:08:44 · answer #5 · answered by Nicnac 4 · 0⤊ 0⤋
It depends..
2016-08-23 17:46:39 · answer #6 · answered by Anonymous · 0⤊ 0⤋