tonalc1
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A debit card takes money directly out of your checking account at the point of sale.
A credit card is like taking out a loan to purchase something, which you pay off (hopefully) at the end of the month. Interest is charged on any outstanding debt. |
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s_s_g2005
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Yes, it is spending money you don't have, but also if you use your debit card at certain ATMs and stores, you may get charged for it. However, credit cards you do not. Also, with credit cards you don't have to put a PIN number in!!! |
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sjpadilla1
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A credit card gives you a loan from abank that you must pay back. A debit card deducts money from your checking account. |
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mystery_girl
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Credit: When you choose the credit option with your check card, it is processed through the VISA network and you will receive a signed receipt at the end of the transaction.
Debit: When you choose the debit option with your check card, it is processed through the ATM network and your cash is automatically deducted from your checking account. You will be asked to enter a personal identification number (PIN) to complete the transaction. |
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wolfelady692003
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a credit card has a set limit. a debt card is used by a saving, checking etc |
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nsjekt5313@sbcglobal.net
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A credit card is "money" on a card granted to you by an institution(Capital One, Discover, Sears) in the promise that you will pay them back with interest on the purchase you make. A debit card is giving usually by the bank saying that what you by with the card, will be taking straight out the bank at that moment (usually). Hope this helps. |
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nex_nox_noctus
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A credit card has a credit limit with a company that basically "fronts" you the money. In other words, you don't have the money, but they let you "borrow" it for a little while.
A debit card withdraws money from an account which you have, in which you already have the money that's being debitted. |
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fmt
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Debit card is one wherein your own money is debited from the bank if you make any purchase while credit card is meant to realise money from you if you are making a purchase. |
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yars232c
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credit is their money, debit is yours. And there are no refunds or chargebacks on debit cards like credit cards anywhere I've lived unless it was identity theft.
They say you can't rent a car with a debit card, but I have. A debit card will also have a daily spending limit between 800-1200 per banking day, to go any higher you'd have to contact your bank. |
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prettypiper27
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CREDIT bills you for the money later. debit takes the money from your bank account as soon as u buy the item. |
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amanda c
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If you have a checking credit/debit card, you only use what's in your account, no matter which way you use it. it will display like visa or discover, but it still is coming out of your account. Awesome b/c like online, you can use it as a 'credit card' but it's not charging interest or spending money you don't have. If you use credit though, it takes a few days to post to your account, if you use debit, which you enter your pin, it posts immediately which is easier to do when trying to balance your checking or savings. good luck. |
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pvtnvstr
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With a credit card you borrow to buy and then repay your borrowing at a later date. With a credit card you are protected from theft and fraud.
With a debit card you pay for things with your owm funds. The card simply facilitates the trasnaction so you do not need to pay with cash or check. With a debit card you are unprotected from theft and fraud. |
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haptonstallkelly
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A credit card spends money you don't have and a Debit card spends money in your account, like a checkbook. |
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rickarickaroo
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debit cards draw from a savings or checking account, credit cards are borrowing money |
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mahjongdude
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credit is money that is loaned and debit is money taken out of your bank account i think. |
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DragonHeart18
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A debit card is your money. A credit card is a bank's money that it lends you. |
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jakethesnake
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Credit cards are spending money you don't have! |
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tessie
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credit is money the bank lets u use debit is money from your checking or savings acct credit u pay back debit is your money |
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