can you tell me the difference from a credit card to a?

Question

whats the diffrence from a credit card and a debit card

Answer 1

With a credit card ...you have no money in the bank and the credit card is exactly that ....a line of credit that you need to repay. With a debit card your money is already in your checking account and you are spending the money from your checking account (instead of writing a check).

Answer 2

A debit card is a card that is linked directly to your checking account. When you use this card, the money is taken out of your checking account.

A credit card is a line of credit that you have with a company, ie. Capital One that is not linked to your checking account.

I prefer the debit card because that way I know how much I can spend and I can balance my checkbook also. But I do have credit cards. Also, you pay interest on a credit card and you dont on a debit card.

Answer 3

Credit Card is borrowing money. And if you don't pay if off within 30 days you will pay interest. Debit Card uses money directly from your bank account. Just remember when you use your debit you must subtract purchase from you balance. (My mom always forgets) The debit card is used to replace writing checks.

Answer 4

A Debit card only allows you to spend the actual money you have in the account on any transaction A Credit card allows you to spend whatever your credit or loan balance is ~~

Answer 5

A debit card is tied to your bank account. The money is "Debited" (subtracted from your bank account) as you use it. You don't have to pay it back since it is your money.

A credit card is like a loan that you can keep drawing on until you reach a limit (let's say like $5,000). But then you have to pay it back (with interest if you don't pay the whole thing in one month).

Answer 6

credit card charges you a finance charge every month you have a balance due. debit card is deducting money from an account you have money in already.