Please tell me the difference between a credit card and a debit card?
Others answers (1)
- eAnswers...Jul 17, 2014
Credit cards and Debit cards are acceptable at all the places, but there is a major difference between them. A credit card can be used to buy goods and items immediately with a spending limit. It is a type of a small loan which you borrow from a bank. Later on that particular amount has to be paid by you to the bank and if it is not paid, then you have to pay the amount with an interest.
A debit card is a card on which you have to put money in your bank account at the first place and then you can spend that particular money as per your choice. There is no issue of paying amount and interest to the bank in case of a debit card.
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