What is the...?

Question

What is the difference between "Credit Card" & the "Depit Cards" ???

Answer 1

using a debit card (DC) u can only spend the money u already have in ur bank account whereas using Credit Card (CC) u can spend till u reach ur credit limit even though u dont have tht much money in ur account..also u have to punch in a pin no wen u use DC but just a swipe is enough for a CC.. so u see.. CC's are a lot better if u like to shop!! :)

Answer 2

Credit Card's are used to purchase products without a substantial amount of money in your bank account. With credit cards I believe you get a bill each month which gains interest if you don't pay. Debit cards act like credit cards for example you can go to most stores and use it. It simply works off a checking account where all your money is located. All the purchases you make are transactions and are with drawled from your checking account. Personally for me I would go for a Debit card, its stress free for me and no interest is a huge benefit.

Hoped that helped.

Answer 3

Credit card means that you are borrowing money and will have to pay interest on the money. Debit cards take money out of your checking account.

Answer 4

with a credit card you are borrowing up to your credit limit. A debit card takes funds directly from your bank account and therefore won't work unless you have funds in the bank

Answer 5

Credit card: You don't immediately pay from your pocket or your bank account. You pay when you receive the bill.
Debit card: Payment is instantly taken out of your account.

Answer 6

i think one is your own money and the other is bank money which you pay back=] i think??

Answer 7

the spelling