madhesh1988
|
In case of debit card, it is like cheques. It is cleared only when you have money while swiping in the purchase counter or in ATM's.
In case of credit card, the bank has entered agreement with you setting a limit for your creditability. You can avail the credit facility by swiping the card in the purchase counter. And you have to pay interest for the amount if you not paid the credit amount within the agreed period of time. |
|
Beatngu
 |
CC is line of credit.... DC is link to your checking account. |
|
Vijay S
 |
Credit Card works on the basis of 'Buy first Pay later'. Banks issue credit cards to any person on the basis of 'pay back' capacity. Debit Card is issued by the bank linked to you bank account. Whenever you buy something, amount is automatically deducted from you bank account. |
|
Rachel B
 |
Are you are talking about the card you get from a bank that you can you as a debit or credit? If so the difference is processed as a debit (with PIN) it takes the money out of your account right then. Processed as a credit card transaction it could take 5-10 business days to process.
Hope this helped! |
|
sarna_anil
|
In debit card pne utilises one`s own money with bank,there is nocharges for that,in credit cad it is banks money where u pay 365 or more intt.and can pay 5% minimum of outstanding or more amt. |
|
Steve J
|
A regular credit card is issued by a bank. When you use a regular credit card, you are actually borrowing money from the bank. The interest rates can vary quite a bit, be careful and choose one with a rate around 5 or 6%. Pay off all credit cards as fast as you can.
A debit card is not a real credit card in the sense that you are taking money directly from your own checking account. Be warry; some banks will let you draw more money from your checking account than you have; now you are borrowing money from the bank again. |
|
thesheot1213
|
Credit is money you don't have that you have to pay back later. Debit comes from your checking account. |
|
karpakarajan
 |
against a credit card; there will be a credit limit from the credit card service provior (financial institution or bank) to the credit card holder. the credit card holder can buy upto this credit limit and settle the dues on due date in single bullet payment or in monthly instalments as per pre agreed terms.
a debit card is mostly issued against a account. the card can be used only if there is sufficient credit balance (funds) available in the account. that means no credit is provided by the card service providor to the card holder. the ATM cards against bank accounts are debit cards. |
|
Sarah B
|
Debit card is like an electronic check. The money in your bank account is withdrawn each time you swipe your card.
Credit Card is money you borrow from the bank which is charged to your account. Credit cards require you to pay back the money with minimum payments each month. However, if not paid off quickly, your interest will begin to accrue and you will pay much more for the item over time than you would have if you just bought the item in full at first.
Deciding between the two is actually an easy choice. It boils down to a choice of funding - using your own money or the bank's money. The danger is that credit cards allow you to spend more money than you have.
I found this information from an article on Helium.com. You can find the link below. http://www.helium.com/items/1263101-using-a-credit-card |
|
™Ãß#! »¤«
|
in credit card bank give you credit as a borrow of money as limited time and money and you have to pay the charges, while in debit card just use your money in account no charges simple. |
|
TWILIGHT SUCKS! raiders for life
|
a credit card is when you get stuff now, then pay later. a debit card is when they deduct the cost of your perchase from your checkings.
answer my most recent question please, i cant put up the link |
|
The Incredible Sulk
|
You borrow money on a credit card, and have to pay interest on any money you borrow. |
|
SteveT
 |
If you pay using a debit card the money comes out of your bank account straightaway, as though you'd paid by cheque.
With a credit card the credit card company pay for your purchase and you pay them back, either at the end of the month so there's no interest or later on |
|
Flyby
 |
A debit card draws on a checking or savings account. Unless you have money in the bank you cannot draw money or make purchases. Money comes out of your account immediately. A credit card may look the same but you may use it based upon your credit limit. You don't need money in your account in order to use it. |
|
aaron_esq
|
A credit card is where you charge an item to your account which means you have to pay for that. A debit card is a card you spend on a certain item which deducts money from your bank account. |
|
fahad s
|
as far as I know
credit card ,you use bank money and you have to re payed to them with interest and yearly fee
debit card, you get card with 0.00 balance ,you fill it or connect it with your bank account to enable it , you dont have to pay for bank ,may be they charge you first time small amount for card issuing |
|
kadafia_1988
|
Credit card you pay payments on, debit cards the bank gives you and it takes money from your savings account and checking account and you dont have to pay anything. |
|
Jess W
|
a credit card is like a visa, you use it to borrow money but you will eventually have to pay it back.
a debit card is the card that is set up with the bank, its your money in this card and also a better card to use since credit cards are easy to misunderstand and get you in debt!! |
|
$h0pa@hol!c
|
the diffrence is that a debit card had a certain amount of money on it and the credit is you may as much as you spend a month. |
|
Kelsey
|
Some credit cards are just that...credit cards and they have nothing to do with debit. My debit card is thru the bank...you have to have a pin number to use debit, but if you want to use credit you sign the receipt w/o using your pin number. And also whenever I use the card, the money will be taken out faster if I use credit than when I use debit. |
|
PARI S
|
in credit card u have certain limit in which u use money for this limit and u have to pay interest, and this limit is depends on ur creditworthy, security etc. whereas in debit card u can withdrwal amount which is available in your account means your own fund. |
|
Joe
|
Credit card is that type of card on whose behalf you can draw some money and later you have to pay back that amount to the lending agency(it is something like borrowing some money from someone). But debit card you have to keep some money in your account and when you use your card that amount is utilised and you can pay unless and until you have something in that account. But for cc there is a upper limit.
http://www.creditcardbiz.blogspot.com |
|
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
