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Difference between credit card and debit card
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Answer / kiran
The amount of money in our savings a/c will be used by debit card and the money can be used by the customer of bank on credit basis by credit card.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / biswa
Debit cards can be used as either a debit card or credit
card. Credit cards can only be used as a credit card. Debit
cards do not carry a line of credit. The purchases made
with a debit card can not exceed the amount of money a
person has in their bank account. This is the main
difference between a credit and debit card.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / dev
Credit card and Debit card are issued by a bank.
In credit card you can do all transactions with it and at
the end of the month You need to pay the total amount due.
Whereas in case of debit card the money would be deducted
from your bank account as the card is linked with your
bank account. Any transaction done would be immediately
debited from the account.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / harsha
credit card is liabilty for customer and debit card is
liabilty for bank
| Is This Answer Correct ? | 0 Yes | 0 No |
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